Thursday, November 15, 2012

Triangles elliott wave

Elliott wave triangle is side way market.

Key feature of triangle:

  • volume and volatality will decrease

look traingle
Here volume and volatality decreased simultaneously.




Main difference:


  • Here volatality and Volume will decrease but 
  • volume and volatality will not decrease in diagonal

  • Consist of 5 overlapping abcde pattern
  • 3-3-3-3-3-3 structure.

  • Occurs in wave 4 and wave B
  • that is before  final actionary wave

  • Formed by connection of BD, AC




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