triangle

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Triangle

In technical analysis, a series of high and low prices for a security that, when plotted on a chart, looks vaguely like a triangle. A triangle indicates that investors do not know whether a bull market or a bear market will prevail. If the triangle breaks upward, it is a bullish sign, but if it breaks downward, it is a bearish sign. A triangle is also called a wedge. See also: Ascending sign, Descending sign.

triangle

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triangle
In technical analysis, a chart pattern indicating the convergence in the movement of successive high and low prices and characterized by a formation that resembles a triangle turned on its side. A triangle indicates a period of combat between bulls and bears with the technical analyst having to determine the winner. If prices break out of the triangle on the upside, it is a bullish sign. A breakout on the downside indicates the bears are winners. The closer the breakout occurs to the point of the triangle, the less conclusive the signal to buy or sell. Also called coil, flag, pennant, wedge. See also ascending triangle, descending triangle.
References in periodicals archive ?
Unlike conventional online car marts, Vauxhall's strategy is to link click-on orders to local dealerships, so the eternal triangle of car maker, car seller and car buyer is not broken.
His face lit up and the words tumbled out when he recalled the sizzling soap eternal triangle that hooked the nation.
I'm not sure whether the title refers to love's eternal triangle, or the number of viewers.
And she had been the centre not just of an eternal triangle but an infernal crime.
Sacha in The A Dangerous Method (15) Cronenberg's tiresome eternal triangle drama about the birth of psychoanalysis with Keira Knightley's distractingly mannered patient/protg caught between Viggo Mortensen's Freud and Michael Fassbender's Jung.
Edward Fox and Nicholas Woodeson star in both, with Polly Adams making up the eternal triangle in the second.
Its story of the eternal triangle gives the opera great dramatic force, and it was recently successfully revived by the BBC at the Barbican and released on CD.
That said, Barry's tale about an eternal triangle (set in a square