A study in triangles:

the smallest triangle is a line

both side of the triangle are related

in a 0 degree angle

if the legs are horizontal price typically trades magnet

if both legs trade directional in a zero degree angle

price typically trades creep

a tight triangle provides good control of risk and trades precise

the longer price resides within the tringle the more violent a breakout can be expected both in volatility and length of price move

a wide triangle requires more complex risk control since more often lower time frames on which entry risk is controlled trade less precise

examples for the wide triangle would be recent price action on Bitcoin

the charts above illustrate the wide legs of the triangle

and the necessary additional TA necessary to stack the odds for identifying a low risk entry point on the bottom triangle side for a long positioning

further investigation on the examples above show that once the most accurate support line in lower time frames is identified, stacking edges, in this case the beauty principle provide for quite extraordinary risk/reward ratios on low risk entry points for wide triangles

while the crowd typically trades breakouts of triangles,

we only trade entries close to the Apex and at the triangle leg furthest away from price breakout point

(=lower leg for long trades

upper leg for short trades)