There has to be a 5 wave corrective pattern (A,B,C,D,E) should form a triangle shaped structure.
Triangle area should be minimum 1.5 months.
Triangle breakout is expected around 70% zone.
The volume at the breakout area is expected to be good.
There has to be a 5 wave corrective pattern (A,B,C,D,E) should form a triangle shaped structure.
Triangle area should be minimum 1.5 months.
Triangle breakout is expected around 70% zone.
The volume at the breakout area is expected to be good.