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One of the powerful patterns. Time required is 45 days.
Here both buyers and sellers are equally aggressive.
The price pattern forms when consecutive tops and bottoms which are lower than the previous tops and bottom. When a line is drawn over any 2 tops and 2 bottoms and extended a tiangle is formed.
A breakout can happen at 70% of the triangle. An increase in volume is expected at breakout. Breakout can happen on either side.
if both buyers and sellers are trading aggressively they meet at one point which forms a triangle pattern and the volume will breakout at that point. this generally takes 45 days to form and long position can be made when there is good volume.
<p style=”box-sizing: border-box; margin: 0.85em 0px; direction: ltr; color: #777777; font-family: ‘Roboto Slab’; font-size: 13px;”>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.</p>
<p style=”box-sizing: border-box; margin: 0.85em 0px; direction: ltr; color: #777777; font-family: ‘Roboto Slab’; font-size: 13px;”>.Breakout is expected around 70% zone, and high volume is required to confirm breakout, the breakout can be bullish or bearish depending upon who is stronger Buyers or Sellers.</p>Triangle structured pattern which takes time to 1.5 month for occurrence.
volume is higher when the time of breakout, breakout happen around 70% zone
Buyer and seller are aggressive.
Incline line of high top and slope line of lower bottom makes an triangle format.
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