Both triangle formations consist of higher bottoms and lower tops, generally with all prices contained between the bullish support and bearish resistance lines. The signals for the triangle formations are the first Double Top or Double Bottom signals.
Bullish Triangle
It requires at least 6 columns or battles between buyers and sellers. The upper and lower level of the column will be within the range of previous column's upper and lower level. That means the battle between buyers and sellers are happening in a tight price range. At some time the buyers will take upper hand and take the stock out of the tight trading range. It will also firm first Double Top in the chart.
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| Bullish Triangle |
Bearish Triangle
Point and Figure Bearish Triangle is just opposite to Point and Figure Bullish Triangle. Here the breakout will happen in the downside which will eventually form a first Double Bottom.
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| Bearish Triangle |
