Gordon Scott has been an active investor and technical analyst or 20+ years. He is a Chartered Market Technician (CMT). Alistair Berg / Getty Images A triangle chart pattern is a tool used in ...

The triangle pattern looks like a triangle. It forms in the middle of a trend. The triangle pattern forms because investors think that the stock price won’t go much higher in an uptrend or lower ...

Descending Triangle Pattern: It is basically the inverted version of the ascended triangle pattern. It is considered a breakdown model and is bearish in nature. Here, the lower trendline is ...

The Bottom Line Advanced Micro Devices stock is stuck in a descending triangle pattern at the moment, but it won't stay there long. Eventually, a breakout will occur.

Ascending Triangle Pattern: It is formed by two trendlines – a horizontal line that connects with the swing highs and a slanted line that connects with the higher lows. This forms a bullish ...