A Triangle is formed by the two converging trend lines during the consolidation period.It is broken downwards with volume.A five wave corrective pattern (A-B-C-D-E) formed triangle shaped structure. It took nearly three months to form the triangle area. The lower low candle formation on the lower trend line of triangle marks our entry @2700,SL being @2900 ,accordingly target is @ 2300.From the entry point we could subtract the vertical height and we have achieved that beautiful catch as our reward for this trade.
Hi,
It seems to be ascending triangle but the symmetric triangle with aggressive buyers and sellers is most powerful.