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

[VaibhaV SeshananD]

Triangle pattern is a price pattern which is Triangle in shape and takes a minimum of 45 days to form. Volume should be high at the point of break out which happens at around 70% of the triangle shape.

[suraj]

if the support and resistance level keeps shrinking and if we draw a trend line over the major tops and bottoms and if the pattern forms a triangle, then we may expect a major breakout in either way.

[Praveen M]

Triangle pattern is a scenario in a stock price movement when consecutive tops and bottoms are identified, where each top is lower than the previous top and each bottom is higher than the previous bottom, in a such a way that the line joining all the tops and the line joining all the bottoms should meet to form a triangle. This pattern shows the strength of both buyers and sellers.

Here, the breakout can happen at any side. A high volume is required at the breakout.

[canute]

 

What is triangle pattern : It is a price pattern triangle in shape where the sellers & buyers are aggressive and has a bearish variant  the duration should be minimum 1.5 months the breakout is expected around 70% zone, volume required to confirm breakout, the breakout can be bullish or bearish depending upon who is stronger Buyers or Sellers.

[vasanth]

price movement where formation of consecutive top and bottoms  is lower than the former, they forms a triangle when all tops and bottoms are joined

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