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

[sreevalli]

The ascending triangle is a bullish formation that ususally forms during the uptrend as a contiuation pattern.  There are instances when ascending triangles form as reversal patterns at the end of downtrend, but they typically continuation patterns.

Conditions:

The graphical structure A, B, C, D, E(five waves) should form a triangle pattern

THe duration of a triangle should be 45 days

The break out is expected to take place during its 75% of its trading area

Volume should be high during the break out day

[davidrajan]

The ascending triangle is a bullish formation that ususally forms during the uptrend as a continuation pattern.  there are instances when asecending triangles for as reversal patterns at the end of a downtrend but they typically continuation patterns

[Christopher]

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

The time duration to form this triangle shape should be minimum 2 months.

Triangle break out expected at 70% of zone.

Higher volume while break out.

[gorantla.vinod]

this price pattern looks like a triangle

it should have 5 waves i.e A, B, C, D, E

triangle area formation should be minimum 1.5 months

breakout should happen at 60% to 70%

good volume is expected at breakout

 

[goodwinbritto]

it is a stronger sign of patterns
a)does not require a steeper pole.
b)duration at least 45 days
c) the break out will happen at any side
d) volume is higher at breakout period
e) break out is usually at the 70% length of the total body.

[Author]

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