Term:
Triangle configuration
Definition:

Form of bar chart used in bar chart analysis of securities where lines drawn round the chart have the shape of a triangle. There are three main varieties -symmetrical, ascending and descending. The symmetrical triangle is made up of two positive forces -buying and selling, while the ascending one indicate a positive buying force but a neutral selling force and a descending one indicates a positive selling force but a neutral buying one.

Domain:
Finance
Source:
World Bank: Glossary of Finance and Debt
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