2 Comments
  1. vignesh 6 years ago

    Hi,
    This will be the appropriate answer for the question What is triangle pattern? What are the conditions to qualify as perfect triangle?:
    Triangular Pattern – When both buyers and sellers are powerful
    Conditions:
    1. Triangle should be witnessed minimum 5 waves
    2. If connect first two tops and two bottoms and extend the line, it should appear as a triangle
    3. The Triangle is expected to give breakout around 70% of triangular area and it will be a powerful breakout when it happens with good volume.
    4.Duration of Triangular Pattern is 45 days
    Note: Breakout can appear either bullish or bearish Long Position or Short Position can be created according the breakout trend.

    • Author
      Lathat 6 years ago

      Thank you for your reply. It has sheds more light on what little i know.

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