About this image :-
In this image you can see that a triangle pattern is form and than what we can do after formation of this pattern. Today we talk about all the thoughts on this post.
Welcome to this post and now keep learning and careful learning.
What is triangle pattern in trading ?
The triangle pattern is pattern which form triangle like shape that is called triangle pattern in trading. Here, the triangle pattern means make triangle shape using price and this triangle shape is called triangle pattern.
In trading field if you want to make money using using action than you must be focus on live chart and back test as well as discipline than you can make money in trading field.
If you want to more knowledge in triangle pattern than you can learn all these topics. Here, we explain all things about triangle pattern.
How to work triangle pattern ?
The triangle pattern work is very simple first to first it form a triangular shape and than consolidate some times and than any side breakout is form.
When the breakout is form than according to the price action we can trade and this way work triangle pattern.
How to find triangle pattern in chart ?
If you want to find triangle pattern in chart than first to first open your watchlist of top 500 stocks list.
After open you stock list than you start seeing chart and when you seeing chart that time you find triangular shape like our post image.
When any stock form triangular shape than mark it and draw support and resistance and also path.
This is a process of finding triangle pattern in chart. If you use this process than you can easily find triangle pattern and this is a working and real process of find any pattern.
When we can buy using triangle pattern ?
If you want to buy using triangle pattern than you must need to follow some given conditions.
The first condition is mark properly triangle pattern than see properly chart.
The second condition is when seeing chart that time wait any big movement in upper side.
The third condition is when any movement is form in upper side than wait for any price action.
The fourth condition is see price action and compare with movement.
The fifth condition is if price action and movement both are same than we can buy.
This is the whole process of when we can buy using triangle pattern.
Here, price action means candle stick pattern which is form on breakout.
When we can sell using triangle pattern ?
If you want to sell using triangle pattern than you must need to follow some given conditions.
The first condition is mark properly triangle pattern and than see properly chart.
The second condition is when seeing chart that time wait for any breakout in lower side.
The third condition is when any breakout is form in lower side than see candle stick pattern.
The fourth condition is compare candle sticks pattern and price movement.
The fifth condition is when candle sticks and price movement both are bearish than we can sell.
This is the whole process of when we can sell using triangle pattern. If you follow this process than you can easily make money using selling.
How to trade using triangle pattern ?
If you want to trade using triangle pattern than you must follow these steps.
The first step is find real triangle pattern.
The second step is mark properly triangle pattern.
The third step is wait for any breakout.
The fourth step is see price action after breakout in any side.
The fifth step is compare price action with breakout movement.
If price action and breakout movement both are same than you can trade according to price action.
This way you can easily trade using triangle pattern but first to first remember these steps.
How to find real breakout in triangle pattern ?
If you want to find real breakout in triangle pattern than first to first wait for first movement.
If first movement is big or random than wait for second movement because we always say that don’t trade on the first breakout.
If movement is not justify your price action than may be this movement is trap.
If you want to find real breakout than compare candle sticks or candle strength with movement and than also measure your stop loss.
If you follow these steps properly than you can easily find real breakout in triangle pattern.
How to find retest in triangle pattern ?
If you want to find retest in triangle pattern than first to first you must know what is retest.
In trading field the retest simply meaning by any breakout is form and breakout with big candle and again start price coming your resistance and this coming price is called retest in trading.
Now if you want to find retest than wait for breakout and when breakout is form than again wait for price pull back and this price pull back is called retest.
This way you can easily find retest in triangle pattern. And if you are using retest during trading than your losses are decreases day by day.
What is the learning of this post ?
There are lots of learning in this. If you want to know than you can learn step by step.
The first learning is what is triangle pattern in trading.
The second learning is how to work triangle pattern in trading.
The third learning is how to find triangle pattern in chart.
The fourth learning is when we can buy using triangle pattern.
The fifth learning is when we can sell using triangle pattern.
The sixth learning is how to trade using triangle pattern.
The seventh learning is how to find real breakout in triangle pattern.
The eighth learning is how to find retest in triangle pattern.
These are the whole steps of the learning of this post. If you want to learn than you can use this title.
