A Triangle Pattern is a technical analysis formation that appears on price charts, typically indicating a period of consolidation before a potential breakout. It is characterized by converging trendlines, where one line slopes upward and the other slopes downward, creating a triangular shape. Traders often look for these patterns to predict future price movements. There are three main types of triangle patterns: ascending triangles, descending triangles, and symmetrical triangles. Each type has its own implications for market direction. Ascending triangles suggest bullish sentiment, while descending triangles indicate bearish sentiment, and symmetrical triangles can signal either direction depending on the breakout.