What Is a Triangle Pattern?
The emergence of the triangle pattern, which is one of the most frequently used patterns of technical analysis used to determine the price movements of financial assets, dates back to the early 20th century, when the Dow Theory was introduced. A triangle pattern occurs when the price of a financial asset is squeezed.Before the volatility of the financial asset slows down, that is, before the price is squeezed, the trend lines forming the pattern are drawn. The pattern is complete when the price is squeezed between these lines.