How to find ascending and descending triangles patterns?

Beginner Questions Candlesticks, Chart Patterns, and Price Action
1

Hello,

Can you help please?

2

[ol]
[li]Power up CPU
[/li][li]Log into your brokers software
[/li][li]Fire up your charts
[/li][li]Pull up EURUSD, 4HR timeframe
[/li][li]Grab a trendline tool
[/li][li]Draw!!
[/li][/ol]

Just google bullish/bearish triangle patterns.
Then navigate over to IMAGES, and start studying some of those.

The only way you’ll learn is by doing it on your own.

May I ask - why triangles?

3

I think you can read some online courses on technical trading and you will know.

5

I found that triangles aren’t very effective, the move that they seem to initiate tends to break down soon after.

6

[QUOTE=“MerryTrader;620499”]I found that triangles aren’t very effective, the move that they seem to initiate tends to break down soon after.[/QUOTE]

Yep…depending on timeframe though…

A large and obvious pattern on the D1 may break initially further than say an M15 pattern comprised of 35 candles.
Think about what a triangle pattern is though.
It’s a constriction of price action…an instrument can only constrict so much before the pressure needs to be released.

Breakout trading is a very profitable strategy which capitalizes on that release of pressure.