Triangle breakout and triangle breakdown

Out of many possible tradable patterns, one of the most traded pattern is Triangle breakout and triangle breakdown. As the name suggests, the price pattern forms a triangle which can be connected using trendlines. We can trade this pattern with assurance in a trending market.

Let us look at the image to understand it better.

Route Mobile chart showing triangle breakout after a consolidation at trendline support – Chart shared on 27th May 2021

Here the price stays between the green support trendline and red resistance trendline. Once the price manages to close above the red resistance trendline, buyers will make fresh long position and the prices shoots up. This pattern is quite common. Any form of consolidation before a breakout is always a good sign. Think why?

Do tell us in comment section, why a consolidation before breakout is desirable?