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  • #5281
    EQSIS
    Keymaster

    What is triangle pattern? What are the conditions to qualify as perfect triangle?

    #5686
    Abirami Duraisamy
    Participant
    Rank: Level 5

    The line chart pattern in the form of 5 waves(A-B-C-D-E) should construct a triangle while connecting the tops and bottoms ,with the duration of 1.5 months.

    Condition for triangle:

    Visible triangle formation while connecting tops and bottom in straight line, triangle area should be 1.5 months duration.

    Triangle can breakout in any direction but high volume during breakout.

    #5689
    Pradeep
    Participant
    Rank: Level 4

    Triangles are commonly found in the price charts of shares/securities. It is characterized by a contraction in price range and converging trend-lines giving it a triangular shape.

     

     

     

     

    #5733
    EQSIS
    Keymaster

    Hi Pradeep, Kindly list down the conditions to qualify the triangle….

    #5739
    Pradeep
    Participant
    Rank: Level 4

    The conditions to qualify as perfect triangle are as below : –

    1) There should be a 5 wave Corrective pattern to form a triangle shaped structure.

    2) The triangle area should be minimum of 1.5 months.

    3) The break out is expected at around 70% zone and volume is required to confirm the break out.

Viewing 5 posts - 1 through 5 (of 280 total)
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