The measuring principle works with any well-defined technical analysis pattern, such as a rectangle or triangle. To calculate the minimum target, first establish the height of the pattern.

Triangle patterns can be bullish ... meaning they are predicting a forthcoming up or down move. The rectangle pattern, also known as the trading range pattern, is different.

The difference is that a bullish rectangle starts after a bullish (upward ... The double top and double bottom are both triangle patterns. A double top is characterized by the letter M appearing on ...

Descending Triangle A descending triangle is a bearish continuation pattern and one of three triangle ... sideways consolidation in the shape of a rectangle and flag, price consolidates in the ...

Ascending triangles are bullish ... while a bearish flag slopes up following a drop. Rectangle patterns tend to be both reversal and continuation patterns. This classic setup begins with price ...

James Hyerczyk is a U.S. based seasoned technical analyst and educator with over 40 years of experience in market analysis and trading, specializing in chart patterns and price movement.

Market analysts rely on many technical indicators to anticipate future trends, one of which is the very-popular ascending triangle chart pattern. As the name indicates, an ascending triangle on a ...

The measuring principle works with any well-defined technical analysis pattern, such as a rectangle or triangle. To calculate the minimum target, first establish the height of the pattern.