Triangle Correction Pattern (Wave 4)
A triangle correction is a sideways movement composed of five sub-waves labeled a, b, c, d, e, moving within converging trend lines. This pattern often occurs in Wave 4 and indicates a consolidation period before the final push (Wave 5).
A triangle correction is a sideways movement composed of five sub-waves labeled a, b, c, d, e, moving within converging trend lines. This pattern often occurs in Wave 4 and indicates a consolidation period before the final push (Wave 5).
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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.