The triangle pattern during the period from 14th Feb to 20th April 2017 with the breakout happening on the positive side, which means the trader has to take along position .
The factors taken into consideration for concluding that there is a triangle pattern are :
1. There is a 5 wave corrective pattern (A,B,C,D,E) should form a triangle shaped structure.
2. The triangle area is more than 2 months months.
3. Triangle breakout is around 70% zone.
4. The volume at the breakout area is good.