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Pattern Types
Often, one of the following patterns as influencing the price action of a stock or market covered in AvidTrader research. Click on any pattern of interest for more information about its characteristics, its stages and real examples:
Channel
Double Bottom, Double Top
Head & Shoulders
Island
Rounding Bottom, Rounding Top
Symmetrical Triangle
Ascending Triangle
Descending Triangle
Complex Triangle
Trendline Touch
Wedge
Pattern Stages
Breaking
Consolidating
Correcting
False Break
Trending
Fallen Star
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Complex Triangle
The complexity of a COMPLEX TRIANGLE isn't really so complex. The triangle, itself, develops clearly. But unlike a triangle that is not complex, the COMPLEX TRIANGLE's highs and lows are not a trend's highs or lows. As reflected in the examples above, the triangle appears after an extreme's reaction, forming the interim consolidation.
All other characteristics of a non-complex triangle are found in a COMPLEX TRIANGLE. This includes volume decreasing as the pattern forms, and increasing on its breakout. Often, though, the breakout travels beyond the extreme by a distance equal to the triangle's widest measurement.
Additionally, the reaction to the prior extreme's retest can be very sharp, if not reversing the trend, then at least producing a substantial correction that retraces through the COMPLEX TRIANGLE's peak.
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