Triangle:
Where it can be found:
it is usually found in wave 4, B, X
So it is found in side way market
Never 2/A wave
most interesting it forms channel also.
Some characters:
Consist of 5 wave
wave 4, 1 overlap
wave 4 can never go beyond the origin of wave 3
wave 3 can not be shortest one amoung 1, 3, 5
Here
trend line of A, C
and trend line of B,D makes the triangle
A diagonal is also 5 wave pattern
it is also two type
starting diagonal
Ending diagonal
Where it found:
Staring diagonal
is made up of 5 wave, 5 3 5 3 5 pattern
Found in 1,A wave
Some characters:
Ending diagonal:
where it can be found:
wave 5/C
- A triangle is made up of 5 wave.
- each wave subdivided into 3 wave
- So our wave structure is 3 3 3 3 3
- Each sub wave is corrective pattern
- here in triangle five wave is marked by
- a=1
- b=2
- c=3
- d=4
- e=5
- Some occasion wave 1 may be largest, some times wave 5 may be largest
- When wave 1 largest it is contracting triangle
- when wave 5 largest it is expanding triangle.
- market can be bull or bear in contracting or expanding triangle.
Where it can be found:
it is usually found in wave 4, B, X
So it is found in side way market
Never 2/A wave
most interesting it forms channel also.
Some characters:
Consist of 5 wave
wave 4, 1 overlap
wave 4 can never go beyond the origin of wave 3
wave 3 can not be shortest one amoung 1, 3, 5
Here
trend line of A, C
and trend line of B,D makes the triangle
A diagonal is also 5 wave pattern
it is also two type
starting diagonal
Ending diagonal
Where it found:
Staring diagonal
is made up of 5 wave, 5 3 5 3 5 pattern
Found in 1,A wave
Some characters:
- here wave 1, 4 overlaps
- wave 1,3 make a trend line
- and wave 2, 4 makes another which converge
- Volume tends to decrease or diminish when diagonal forms
- wave 4 can not go beyond the origin of wave 3
- wave 3 can never be shorter amoung 1,3,5
- Internally wave 1,3,5 have impulse pattern
- wave 5 shortest
- wave 1 is the longest
- wave 2, 4 alteration can be happen.
Ending diagonal:
- Properties same as starting diagonal
- But here each wave is subdivided into three wave giving rise to 33333 pattern.
- rest all properties are same
- here wave 1, 4 overlaps
- wave 1,3 make a trend line
- and wave 2, 4 makes another which converge
- Volume tends to decrease or diminish when diagonal forms
- wave 4 can not go beyond the origin of wave 3
- wave 3 can never be shorter amoung 1,3,5
- Internally wave havecorrective pattern
where it can be found:
wave 5/C
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