The graphical continuation price patterns "Triangles" - ascending and descending

As well as others. types of graphical triangles ("Vympel.", "Wedge." et al.), Technical analysis figures "Rising triangle" и "Downward Triangle" are more of a price models of continuation trends rather than reversal patterns.

Trade signals of technical analysis figures "Triangles - ascending and descending"

A distinguishing feature of ascending and descending triangles from symmetric and expanding triangles is the presence of a well-defined horizontal line support (in a descending triangle) or resistance (in an ascending one).

В of the "Rising Triangle" price model there is a picture of a gradual decrease in the waves-corrections after the price rebounds from the horizontal resistance level. After the breakdown of this level, the price moves towards the main trend at a distance equal to the height of the triangle base.

В The "descending triangle" pattern the only difference is that the price is testing the horizontal line support followed by a breakdown and continuation of the trend.

Example of "Rising Triangle" price model