1. Five wave corrective pattern should form a triangle wave.( A,B,C,D,E – YES FORMED)

2.Triangle wave should have minimum 45 days duration.( YES 45 DURATION PRESENT)

3. Triangle breakout around 70% zone expected. (YES BREAKOUT HAPPENED)

4. At breakout considerable volume should occur.( YES ABOVE AVG VOLUME PRESENT)

Its time for long position.

2 Comments
  1. Author
    MOHAN KUMAR R 5 years ago

    I felt very difficulty in finding the triangle pattern. I almost searched in more than 100 charts to find this one. I don’t know where am I missing.

    Is every one facing the same difficulty, If not kindly guide me.

  2. elango 5 years ago

    EXCELLENT WORK

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