GOLD LOOKOUT
Elliott Wave triangles are corrective patterns that consolidate the previous trend. Elliott Wave triangles consist of five waves labeled a-b-c-d-e. There are 3 ways of trading Triangles potentially in Elliott Wave.
1. Conservative Entry
2. Aggressive Entry
3. Supper Aggressive Entry.
Conservative Entry approach, we wait for the triangle to complete(A, B, C, D, E). We act i.e (Place out market orders) only when the price has reached the end of Wave D and our Stop loss at the end of Wave C.
In the aggressive Entry approach, we wait for the triangle to complete(A, B, C, D). We act i.e (Place out market orders) only when the price has reached the end of Wave E and our Stop loss at the end of Wave C.
1. Conservative Entry
2. Aggressive Entry
3. Supper Aggressive Entry.
Conservative Entry approach, we wait for the triangle to complete(A, B, C, D, E). We act i.e (Place out market orders) only when the price has reached the end of Wave D and our Stop loss at the end of Wave C.
In the aggressive Entry approach, we wait for the triangle to complete(A, B, C, D). We act i.e (Place out market orders) only when the price has reached the end of Wave E and our Stop loss at the end of Wave C.
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