In the context of Elliott Wave Theory, within the corrective structure of an ending triangle formation, one may consider initiating a position upon the completion of wave E, with further allocation contingent upon the breach of wave D. Wave E must not be longer than wave C in order for this strategy to maintain its validity, specifically not exceeding 839.
Note
5th wave cant be longer than 3rd wave, violation of Elliott wave theory, hence this idea is no longer implemented
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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.