The following conditions meet the criteria for triangle pattern
– 5 wave pattern should form the triangle pattern
– triangle area should be minimum of 1.5 months
– volume is required to confirm the breakout
– breakout is expected around 70% zone
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The following conditions meet the criteria for triangle pattern
– 5 wave pattern should form the triangle pattern
– triangle area should be minimum of 1.5 months
– volume is required to confirm the breakout
– breakout is expected around 70% zone
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Hi,
Triangle pattern would be appropriate only in the daily chart. For the triangle pattern area should be minimum 1.5 months.