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In the triangle pattern the pole can be steeper or slopper
It has five wave that converge showing the buying and the selling pressure
Duration of the pattern is 1.5 months
Breakout can happen in either direction
Volume is high in breakout.
The triangle should be form with minimum 45 days and it will breakout at 70% zone with high volume.
It may be positive or negative.th
a triangle pattern is when the pole is not very steep and should make 5 waves where in the bottoms of every wave should be higher than the previous one when connecting the 2 tops and 2 bottoms triangle pattern should be formed. volume should be high when giving breakout. this pattern takes 45 days to form. if breakout can happen with good volume we can expect the price to go up and create a long position in it
TRIANGLE pattern is a powerful pattern which requires 45 days to form
SPOT successive topand bottom in three waves of a price chart where the next top is lower than the previous top and the next bottom is higher than the previous bottom
NOW when we connect the tops and connect the bottoms we get a triangle(since tops and bottoms try to converge)
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