Pattern V:
V = B+(B-C)
Pattern N:
N = C+(B-A)
Pattern E:
E = B+(B-A)
Pattern NT:
NT = C+(C-A)
V = B+(B-C)
- Each leg looks like i,
- V pattern appears after sharp bullish or bearish moves without swing.
- The second leg should not create a low below the low of the first leg.
Pattern N:
N = C+(B-A)
- The most popular and most used between Japanese patterns.
- No Risk: C should not come below 50% of the distance between A & B
- SL: Below 50% of A & B
- Best Entry: after C wave break B Resistance
Pattern E:
E = B+(B-A)
- The Longest pattern between Japanese Patterns,
- A to B was created by a series of swings and bars
- No Risk: C should not come below 50% of the distance between A & B
- SL: Below 50% of A & B
- Best Entry: after C wave break B Resistance
Pattern NT:
NT = C+(C-A)
- The Shortest Pattern Between Japanese Patterns.
- No Risk: C should not come below 50% of the distance between A & B
- SL: Below 50% of A & B
- Best Entry: After C wave break B Resistance
Follow The Trend, Not the Trader.
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.
Follow The Trend, Not the Trader.
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.