Renko Trading Strategies
Renko Chart Triangle: Triangle Pattern Breakout Strategy
A Renko chart triangle is a price compression pattern, meaning that the preceding swing high and low is followed by a lower high and higher low. Thus, you do not want to trade inside of a triangle pattern because there is flat momentum and no price continuation.
Trade the Renko chart triangle when you have a breakout setup through one of the pattern trendlines. This breakout will be a trendline triple break that tends to be followed by momentum expansion leading price.