TRIANGLE CORRECTION : ELLIOT WAVE ANALYSIS ( ELLIOTT BABA)
A triangle is a sideways movement that is associated with decreasing volume and volatility.
Guidelines
Triangles have 5 sides, Corrective structure labelled as ABCDE
Location :
a- Usually happens in wave B or wave 4
b- Wave D in triangle itself
c- If in second then 2 will be zigzag and this will happen in B of zigzag
d- X wave of Double Three correction and XX wave of Tripple Three
e- XX wave of Double Zigzag correction
f- Wave D in triangle itself
Subdivided into three (3-3-3-3-3)
Subdivision of ABCDE can be either ABC, wxy, or flat
A triangle is a sideways movement that is associated with decreasing volume and volatility.
Guidelines
Triangles have 5 sides, Corrective structure labelled as ABCDE
Location :
a- Usually happens in wave B or wave 4
b- Wave D in triangle itself
c- If in second then 2 will be zigzag and this will happen in B of zigzag
d- X wave of Double Three correction and XX wave of Tripple Three
e- XX wave of Double Zigzag correction
f- Wave D in triangle itself
Subdivided into three (3-3-3-3-3)
Subdivision of ABCDE can be either ABC, wxy, or flat
Elliott BABA
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Elliott BABA
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.