【Thursday Special】Could You Find Triangle Chart Pattern?
Welcome to Thursday Special!Whether you are a beginner or an experienced investor, everyone has their own opinions on the stock market trends. How do you make these judgments?Let's start a series of learning patterns and apply them to individual stock trends.Can you spot the “triangle” in this pic?Could you guess which stock this is based on the following trend?What Is a Triangle Chart Pattern?The triangle chart pattern is named as such because it resembles a triangle. It is depicted by drawing trendlines along a converging price range, that connotes a pause in the prevailing trend. Technical analysts categorize triangles as continuation patterns of an existing trend or reversal. The essential characteristics of the double bottom pattern are as follows:Triangles are similar to wedges and p