- This topic has 279 replies, 274 voices, and was last updated 2 years, 7 months ago by
.
-
Posts
-
Triangle pattern is a price pattern with wave pattern inside the triangular structure. (Refer picture)
Conditions: Triangle area should be formed at minimum of 1.5 months. Breakout (end of triangle must take place at 70% zone). Volume high at breakout.
Triangle pattern:
movement in a triangle shape indicating that both buyers and sellers are strong
minimum 45 days to form the triangle
triangle breaks at 70% zone of the triangle
high volume at break out point
bullish and bearish depending on the upward or downward breakout
The price movement looks like zig zag form and then it will converge and it will fit in triangle. That is when we mark 5 points with the price movement which is in zig zag form like A, C, E being tops and B, D being bottoms and when we connect A, C, E on top and B, D at the bottom, it looks like perfect triangle. The zig zag form will cover 70% of triangle and it should take a minimum of 45 days to form this triangle pattern.
A triangle pattern is typical price pattern where the sellers and buyers are aggressive and has a bearish variant and the duration should be 1.5 months and breakout is expected around 70% zone and a good volume is required to confirm this. The breakout can be bullish or bearish depending upon who is strong i.e the buyer or seller.
A triangle pattern is price pattern where the sellers and buyers are aggressive and forms a zig zag lik structure, and the duration should be 1.5 months and breakout is expected around 70% zone and a good volume is required to confirm this. The breakout can be bullish or bearish depending upon who is strong i.e the buyer or seller.
- You must be logged in to reply to this topic.
