Indicator
Breakout
3 Bar Triangle by Linda Raschke
"3 Bar Triangle by Linda Raschke" logo
5.0
03/09/2025
419
Desktop
Since 19/09/2024
Traded volume
194.73K
Pips won
152.36K
Free installs
419

This pattern suggests consolidation or price squeezing, where price is contracting within a tighter range. The market is "coiling" up for a potential breakout in either direction, typically leading to a sharp movement once it breaks out of the triangle.

Trading the Breakout:

  • Entry: Traders look for a breakout above the high of the pattern or below the low of the pattern, indicating the direction of the next move.
  • Stop-loss: Placing a stop-loss outside the opposite side of the triangle (either above the high or below the low) helps manage risk.
  • Targets: Some traders aim for a price move equal to the size of the triangle (the distance between the high and low of the first bar)
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