EXPANDING TRIANGLE
The expanding triangle, as its name suggests, is a triangle, but it differs from the other 3 types of triangle patterns which we covered in the previous chapter.
All triangle patterns consist of 2 lines, but in the previous 3 triangles (symmetrical, ascending, descending), the lines were converging, whereas for the expanding triangle, the lines are diverging.
All triangle patterns consist of 2 lines, but in the previous 3 triangles (symmetrical, ascending, descending), the lines were converging, whereas for the expanding triangle, the lines are diverging.
Elliott BABA
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.