Technical analysis is a trading tool used to evaluate securities and identify trading opportunities by analyzing stats from trading activity (continuation patterns, symmetrical triangle, decending triangle, reversal patterns, falling wedges, etc). Technical analysis focuses on the price movement of the market.

The way in which the price charts of the stock market fluctuate can appear to be entirely random. However, within those random sequences, are continuation patterns. These patterns can be in the shape of triangles or other geometric shapes. The consolidations provide further evidence as to where the price action is and where it's likely to go – ultimatley helping the trader.