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π¨ Elliott Wave Pattern: Triangle π
βββ ππ§πππ£ππ‘π (T)
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βοΈβοΈ πππ£ππ§ππ‘ π§πͺπ‘ππ¨
β A triangle always subdivides into five waves.
β At least four waves among waves A, B, C, D and E are subdivided into a single zigzag .
β A triangle never has more than one complex subwave, in which case it is always a multiple zigzag or a triangle.
βοΈ πππ£ππ§ππ‘ ππͺππππ‘ππ£ππ¨
β Usually, wave C subdivides into a "multiple zigzag" that is longer lasting and contains deeper percentage retracements than each of the other subwaves.
β Usually, wave D subdivides into a "multiple zigzag" that is longer lasting and contains deeper percentage retracements than each of the other subwaves.
β Alternating waves of a triangle may be in Fibonacci proportion to each other by a ratio of 0.618 for contracting triangles and 1.618 for expanding triangles. For example, in a contracting triangle, look for wave C to equal 0.618 of wave A.
β A triangle can be wave 4 impuls, wave B of a zigzag , wave X of a double or second wave of an X of a triple zigzag , sub-wave C, D or E of a triangle and the last structure of a combination.
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ββ πΎπ€π£π©π§πππ©ππ£π ππ§πππ£ππ‘π (Contr.T β CT)
βοΈβοΈ ππͺπ‘ππ¨
β Wave C never moves beyond the end of wave A, wave D never moves beyond the end of wave B, and wave E never moves beyond the end of wave C. The result is that going forward in time, a line connecting the ends of waves B and D converges with a line connecting the ends of waves A and C.
β Waves A and B never subdivide into a triangle.
β In a running triangle, wave B should be no more than twice as long as wave A. (Q&A EWI)
βοΈ ππͺππππ‘ππ£ππ¨
β Sometimes one of the waves, usually wave C, D or E, subdivides into a contracting or barrier triangle. Often the effect is as if the entire triangle consisted of nine zigzags.
β About 60% of the time, wave B goes beyond the beyond the start of wave A. When this happens, the triangle is called a running triangle.
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ββ π½ππ§π§πππ§ ππ§πππ£ππ‘π (Barr.T β BT)
βοΈβοΈ ππͺπ‘ππ¨
β Wave C never moves beyond the end of wave A, wave D never moves beyond the end of wave B, and wave E never moves beyond the end of wave C. The result is that going forward in time, a line connecting the ends of waves B and D converges with a line connecting the ends of waves A and C.
β Waves B and D end at essentially the same level.
β In a running triangle, wave B should be no more than twice as long as wave A. (Q&A EWI)
βοΈ ππͺππππ‘ππ£ππ¨
β About 60% of the time, wave B goes beyond the beyond the start of wave A. When this happens, the triangle is called a running barrier triangle.
β When wave 5 follows a triangle, it is typically either a brief, rapid movement or an exceptionally long extension.
βοΈ ππ€π©ππ¨
β We have yet to observe a 9-wave barrier triangle, implying that this form may not extend.
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ββ πππ₯ππ£πππ£π ππ§πππ£ππ‘π (Exp .T β ET)
βοΈβοΈ ππͺπ‘ππ¨
β Wave C, D and E each moves beyond the end of the preceding same-directional subwave. (The result is that going forward in time, a line connecting the ends of waves B and D diverges from a line connecting the ends of waves A and C.)
β Subwaves B, C and D each retrace at least 100 percent but no more than 150 percent of the preceding subwave.
βοΈ ππͺππππ‘ππ£ππ¨
β Subwaves B, C and D usually retrace 105 to 125 percent of the preceding subwave.
βοΈ ππ€π©ππ¨
β No subwave has yet been observed to subdivide into a triangle.
__________________________
πReferences:
Elliott Wave Principal 2005
RSWA: Q&A EWI
__________________________
βοΈβοΈ πππ£ππ§ππ‘ π§πͺπ‘ππ¨
β A triangle always subdivides into five waves.
β At least four waves among waves A, B, C, D and E are subdivided into a single zigzag .
β A triangle never has more than one complex subwave, in which case it is always a multiple zigzag or a triangle.
βοΈ πππ£ππ§ππ‘ ππͺππππ‘ππ£ππ¨
β Usually, wave C subdivides into a "multiple zigzag" that is longer lasting and contains deeper percentage retracements than each of the other subwaves.
β Usually, wave D subdivides into a "multiple zigzag" that is longer lasting and contains deeper percentage retracements than each of the other subwaves.
β Alternating waves of a triangle may be in Fibonacci proportion to each other by a ratio of 0.618 for contracting triangles and 1.618 for expanding triangles. For example, in a contracting triangle, look for wave C to equal 0.618 of wave A.
β A triangle can be wave 4 impuls, wave B of a zigzag , wave X of a double or second wave of an X of a triple zigzag , sub-wave C, D or E of a triangle and the last structure of a combination.
__________________________
ββ πΎπ€π£π©π§πππ©ππ£π ππ§πππ£ππ‘π (Contr.T β CT)
βοΈβοΈ ππͺπ‘ππ¨
β Wave C never moves beyond the end of wave A, wave D never moves beyond the end of wave B, and wave E never moves beyond the end of wave C. The result is that going forward in time, a line connecting the ends of waves B and D converges with a line connecting the ends of waves A and C.
β Waves A and B never subdivide into a triangle.
β In a running triangle, wave B should be no more than twice as long as wave A. (Q&A EWI)
βοΈ ππͺππππ‘ππ£ππ¨
β Sometimes one of the waves, usually wave C, D or E, subdivides into a contracting or barrier triangle. Often the effect is as if the entire triangle consisted of nine zigzags.
β About 60% of the time, wave B goes beyond the beyond the start of wave A. When this happens, the triangle is called a running triangle.
__________________________
ββ π½ππ§π§πππ§ ππ§πππ£ππ‘π (Barr.T β BT)
βοΈβοΈ ππͺπ‘ππ¨
β Wave C never moves beyond the end of wave A, wave D never moves beyond the end of wave B, and wave E never moves beyond the end of wave C. The result is that going forward in time, a line connecting the ends of waves B and D converges with a line connecting the ends of waves A and C.
β Waves B and D end at essentially the same level.
β In a running triangle, wave B should be no more than twice as long as wave A. (Q&A EWI)
βοΈ ππͺππππ‘ππ£ππ¨
β About 60% of the time, wave B goes beyond the beyond the start of wave A. When this happens, the triangle is called a running barrier triangle.
β When wave 5 follows a triangle, it is typically either a brief, rapid movement or an exceptionally long extension.
βοΈ ππ€π©ππ¨
β We have yet to observe a 9-wave barrier triangle, implying that this form may not extend.
__________________________
ββ πππ₯ππ£πππ£π ππ§πππ£ππ‘π (Exp .T β ET)
βοΈβοΈ ππͺπ‘ππ¨
β Wave C, D and E each moves beyond the end of the preceding same-directional subwave. (The result is that going forward in time, a line connecting the ends of waves B and D diverges from a line connecting the ends of waves A and C.)
β Subwaves B, C and D each retrace at least 100 percent but no more than 150 percent of the preceding subwave.
βοΈ ππͺππππ‘ππ£ππ¨
β Subwaves B, C and D usually retrace 105 to 125 percent of the preceding subwave.
βοΈ ππ€π©ππ¨
β No subwave has yet been observed to subdivide into a triangle.
__________________________
πReferences:
Elliott Wave Principal 2005
RSWA: Q&A EWI
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