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  • 16 7 PDF 8536693 Elliott Wave Unveiled

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    Pranay
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    A triangle is a corrective pattern that can contract or expand and ascend or descend. It is composed of five corrective waves, with wave 1 being the longest and wave 5 being the shortest. Triangles occur in waves B, X, and 4 of a larger pattern, forming a 3-3-3-3-3 internal structure, and waves 4 and 1 do not overlap with wave 4 not extending past the origin of wave 3.

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    A triangle is a corrective pattern that can contract or expand and ascend or descend. It is composed of five corrective waves, with wave 1 being the longest and wave 5 being the shortest. Triangles occur in waves B, X, and 4 of a larger pattern, forming a 3-3-3-3-3 internal structure, and waves 4 and 1 do not overlap with wave 4 not extending past the origin of wave 3.

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    27 views1 page

    16 7 PDF 8536693 Elliott Wave Unveiled

    Uploaded by

    Pranay
    A triangle is a corrective pattern that can contract or expand and ascend or descend. It is composed of five corrective waves, with wave 1 being the longest and wave 5 being the shortest. Triangles occur in waves B, X, and 4 of a larger pattern, forming a 3-3-3-3-3 internal structure, and waves 4 and 1 do not overlap with wave 4 not extending past the origin of wave 3.

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    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
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    Corrections

    d. Triangles (Contracting)
    Pattern

    Fig. 13
    Description
    A triangle is a corrective pattern, which can contract or expand.
    It can ascend or descent.
    It is composed of five waves; each of them has a corrective nature.
    Rules and Guidelines
    It is composed of 5 waves.
    Wave 4 and 1 do not overlap.
    Wave 4 can’t go beyond the origin of wave 3
    Internally all waves have a corrective wave structure.
    Wave 1 is the longest wave and wave 5 is the shortest.

    In Which Wave
    Triangles occur in wave B, X and 4, never in wave 2 or A.
    Internal Structure
    It is composed of fives waves, internal structure 3-3-3-3-3.

    16

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