A hands-on options curriculum covering real trading concepts. Read the lessons, work through examples, and test your knowledge.
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Lesson 4: 6.3: Triangle Formations
Master Symmetrical, Ascending, and Descending triangles and understand the coil mechanics of price compression.
1. Triangle Classes
Triangles represent a tightening coil where price compresses over a period of weeks or months. There are three primary types:
1. Symmetrical Triangle: Features a descending upper resistance line and an ascending lower support line. It is a neutral consolidation pattern that breakouts in the direction of the prevailing trend.
2. Ascending Triangle: Features a flat upper resistance line and an ascending lower support line. It is a highly bullish accumulation structure.
3. Descending Triangle: Features a flat lower support line and a descending upper resistance line. It is a bearish distribution structure.
Click to enlargeTechnical Market Structure Blueprint
Interactively map key institutional Price Action patterns. Switch between the 4 technical blueprints below and click the glowing blue hotspots to dissect the market mechanics.
Pattern Technical Explainer
Select any glowing node on the technical chart to inspect the institutional structure details.
KNOWLEDGE RECONNAISSANCE
Which triangle pattern is characterized by a flat upper resistance level and rising lower support lows, signaling bullish accumulation?
More lessons in this module
- 6.0: Introduction to Chart Patterns
- 6.1: Flag Patterns
- 6.2: Pennant Patterns
- 6.4: Wedge Patterns
- 6.5: Channel Trading Mechanics
- 6.6: Head and Shoulders Formations
- 6.7: Double Tops and Bottoms
- 6.8: Cup and Handle Pattern
- 6.9: Ascending and Descending Triangle Breakouts
- 6.10: Pattern Failure & Trap Mechanics
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