Triangles

A triangle is a compression between two converging lines, and it comes in three kinds. In an ascending triangle the highs keep hitting the same level (a flat resistance) while the lows rise — buyers arrive from higher ground each time. The descending triangle is its mirror: lows rest on the same support while the highs step down. In a symmetrical triangle the highs fall and the lows rise together; both sides compress without either giving ground.

The reading logic is familiar from level 3: the flat side of a triangle is a support or resistance zone, and the sloped side is drawn with level 2's trendline logic. Rising lows against a flat resistance say pressure is building upward — traditionally the ascending triangle is associated with an upward break and the descending one with a downward break. The symmetrical triangle carries the weakest directional lean; most readers weigh it together with the possibility that the prior trend continues.

Two practical cautions apply to triangles. First: the break can come against the expected direction — the lean is a statistic, not fate. Second: breaks that occur near the apex, at the very end of the triangle, are traditionally considered weaker than those from its middle; the compressed energy has largely dissipated by the apex. In both cases the referee is the same: the close, the volume, and the retest.