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Commodity
Chart Triangles
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Symmetrical
A formation in which the slope of price highs and lows
are converging to a point so as to outline the pattern
in a symmetrical triangle. To trade this formation place
a buy order on a break up and out of the triangle or
a sell order on a break down and out of the triangle,
leaving your unfilled order as your stop loss. |
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Non-Symmetrical
A formation in which the slope of price highs and lows
are converging to a point so as to outline the pattern
in a non-symmetrical triangle. To trade this formation,
place a buy order on a break up and out of the triangle
or a sell order on a break down and out of the triangle,
leaving your unfilled order as your stop loss. |
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Ascending
Triangle
A formation in which the slope of price highs and lows
come together at a point outlining the pattern of a
Right Triangle. The hypotenuse in an Ascending Triangle
should be sloping from lower to higher and from left
to right. To trade this formation, place a buy order
on a break up and out of the triangle or a sell order
on a break down and out of the triangle, leaving your
unfilled order as your stop loss. Ascending triangles,
with a prior downtrend, are anticipated to break down
and out, rather than up and out. |
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Descending
Triangle
A formation in which the slope of price highs and lows
come together at a point outlining the pattern of a
Right Triangle. The hypotenuse in a Descending Triangle
should be sloping from higher to lower and left to right.
To trade this formation, place a buy order on a break
up and out of the triangle or a sell order on a break
down and out of the triangle, leaving your unfilled
order as your stop loss. Descending triangles, with
a prior uptrend, are anticipated to break up and out,
rather than down and out. |
Commodity
Chart Videos
 1-2-3
Formations
50%
Retracement
Head
and Shoulders
Chart
Channels
Support
and Resistance
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