What is triangle pattern? What are the conditions to qualify as perfect triangle?

[Swathi]

The points A, B, C, D and E are identified and when the points are joined , they form a triangle. Duration is a period of 1.5 months. At this period, volume is required in order that the breakout occurs and and the price movement goes up.

[kanakaraj]

The pattern should be in triangle shape.

Conditions to qualify:-
5 Wave pattern should form a triangle shape.
Triangle break out expected at 70% of the zone.
It should take minimum 1.5 months to form triangle.
Volume traded should be high at break out.

[Naveen]

the price movement should form the triangle pattern and the duration should be 1.5 months and during this pattern the volume should be high and the break out is expected at 70% of the zone

[Padmavathi Sukumar]

Triangle is another price pattern used for relatively short term analysis. The conditions for triangle pattern are: there should be 5 top and bottom points which when connected form a triangle. The volume should be high at the breakout of the triangle. If the above happens long position can be created at the breakout point.

[R.Durga Prasad]

The pattern of waves which form in a Triangular manner is called Triangle pattern.

Conditions:

Generally,it takes one and half(1.5) month to form.

Both buyers move up,sellers come down.

At the end of pattern,it may Break out up or down but with high volume.

[Author]

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