Sunday, March 16, 2014

Trend reversal and elliottwave

Elliott wave and continuation patter:

OLD                                       EW
Bull or bear flag                      Zigzag ABC
Triangle                                  ABCDE
Rctangle                                 Flat


Trend reversal pattern:

OLD                                      EW
Tripple bottom                        1212
123 pattern                             New trend
Rising or falling wedge             Diagonal traingle
Head and shoulder                  345 ABC
Double tops or Bottoms          failed 5th 1-2


Elliott wave

Impulsive and corrective

Impulsive : Leading diagonal /type 1, Ending diagonal /type 2

Corrective:

Sharp correction, Sideway correction

Sharp correction:  Zigzag, flat, triangle

Sideway correction:

Complex:
Zigzag, flat, traingle ( when these three combine)



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