Triangle by Trader Skillset

Three shallow attempts to reverse the prevailing trend, that end up forming a sideways pattern. It’s a continuation pattern, so it will usually break out in the direction prices entered the triangle. It typifies a temporary equilibrium between sellers and buyers which tends to show decreasing volume from left to right within the pattern. Trader Skillset’s proprietary methodology leads us to take the opposite side of a third reversal attempt, because it is a high probability trade, aiming at a new price extreme. In our proprietary concept, the triangle is usually associated with a Terminal Set-Up.