Wednesday, November 14, 2012

How to differentiate traingle from Diagnonal

Triangle:


  • 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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