patterns

Triangles are consolidation patterns that occur when the market enters a temporary equilibrium phase. They are formed by two trendlines converging towards a point called the 'apex.'
There are three main types, each with its own psychology and movement expectations.
Ascending Triangle (Bullish)
It is characterized by a horizontal resistance at the top and an upward trendline (LTA) at the base.
Psychology: Sellers defend a fixed price level, but buyers are getting increasingly aggressive, buying at higher and higher levels. This 'squeezes' the price against the ceiling until the supply runs out.