All in place:
Price trend - Can be any direction leading to the chart pattern.
Shape - Triangular. Prices move between two converging .
- Two bound prices; the top is horizontal and the bottom one slopes upward.
Crossing - Price must cross the pattern from side to side, filling the triangle with price movement, not white space.
Touches - Price must touch each at least twice, forming distinct valleys and peaks.
- Trends downward 77% of the time.
Breakout - Upward 70% of the time and 61% of the way to the triangle apex (upward breakouts) and 62% of the way for downward breakouts.
Average rise/decline: 35%; 19%
Credit - Thomas N. Bulkowski
source - http://thepatternsite.com/at.html
IF YOU LIKE TRADING IDEA SMASH THAT LIKE BUTTON!!!
This information is not a recommendation to buy or sell.