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Triangle pattern is formed when significant amount of buyers and sellers are competing in the market. Its a diminishing pattern in which the total triangle area is expected to of at least 1.5 month duration and break out can occur in either direction and it usually occurs when 70% of the total triangle area is covered already. Also, high volume is indicative of the breakout.
5 waves regions must be plotted . which icludes the higher tops and lower bottoms ends.
the triangle should breakout only at above 60% of its total formation.
during the breakout good volume must seen to witness the agression of the buyers and sellers .
<span style=”color: #777777; font-family: ‘Roboto Slab’; font-size: 13px;”>If we connect the Higher High and Lower lows, it should form a Triangle Structure.</span><br style=”box-sizing: border-box; color: #777777; font-family: ‘Roboto Slab’; font-size: 13px;” /><span style=”color: #777777; font-family: ‘Roboto Slab’; font-size: 13px;”>Breakout should happen at around 60 to 75% range with good volume, then we will consider perfect Triangle.Breakout can happen in either of the directions.</span>
when both buyers and sellers are strong then triangular pattern occur minimum time required is 45 days
Indicated trend consolidation base.Minimum 45 days required .
<span style=”color: #777777; font-family: ‘Roboto Slab’; font-size: 13px;”>If we connect the Higher High and Lower lows, it should form a Triangle Structure.</span><br style=”box-sizing: border-box; color: #777777; font-family: ‘Roboto Slab’; font-size: 13px;” /><span style=”color: #777777; font-family: ‘Roboto Slab’; font-size: 13px;”>Breakout should happen at around 60 to 75% range with good volume, then we will consider perfect Triangle.Breakout can happen in either of the directions.</span>
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