Triangle
Triangle is an appearance on the chart, created when trend lines are drawn between the price highs and lows. The triangle is formed because of the lower highs and higher bottoms trough time when the price range becomes narrower over time.
If the tops decreases less than the bottoms increases, the triangle is called "ascending," and if tops decreases more than the bottoms increases the triangle is called "descending."
| Related Terms: Descending Triangle Ascending Triangle |