So far, we’ve looked at how the triangles are formed on the charts and why they are predominantly considered to be continuation patterns.

But, as with most chart patterns, the triangle formations have measuring techniques to estimate the minimum distance that the price will travel after a breakout. And this is what we will be looking at in this session.

Interestingly enough, the triangles offer two measuring techniques.

The first one requires you to measure the height of the pattern at its widest, which is actually the length of the base, and then project a vertical line of the same length from the breakout point. This will estimate the minimum distance that the price will travel after the breakout.

Seems quite straightforward, right?

Let’s move on to the second measuring technique.

This one requires you to first draw a vertical line through the apex of the triangle and then draw another line parallel to the lower line of the triangle. In other words, the second line should start from the top of the base and follow in the same direction as the lower line until it meets the vertical line. The point where the two lines meet is the projected price target.

And if you thought it's fascinating that the minimum distance that the price will travel can be measured, let me also add that the point where the vertical line meets the X-axis is the estimated date that will happen! Mind-blowing, right?

One final thing to add: although we used symmetrical triangles in our examples, I’m sure you’ve already figured out that these two techniques also apply to the ascending and descending triangles.