Point and Figure Charts: Triangles

Triangle Chart Patterns

For a valid Point and Figure triangle there must be at least two retracements counter to the prevailing trend: two falling columns of Os in an up-trend or two rising columns of Xs in a down-trend.


Ford [F] presents an example of a symmetrical triangle at [11] on the chart below.

ford motor triangle on point and figure chart

The Point and Figure chart also presents a good example of a wide bear trap at [10].

Ascending & Descending Triangles

You will also find (bullish) ascending and (bearish) descending triangles on Point and Figure charts.

flight centre ascending triangle on point and figure chart

Flight Centre (Australia) presents a good example of a bullish ascending triangle on the Point and Figure chart, with equal highs and two ascending columns of Xs (with higher lows).

Colin Twiggs

Author: Colin Twiggs is a former investment banker with over 30 years experience in financial markets. He co-founded Incredible Charts and writes the popular Trading Diary newsletter.

Colin also writes The Patient Investor newsletter which focuses on the global economic outlook and key macro trends.

In addition, he founded PVT Capital (AFSL No. 546090) which offers investment strategy and advice to wholesale clients.