Triangle give us forex trading signals easily
A triangle is a sideways corrective wave with subwaves labeled A-B-C-D-E. In most cases, all the subwaves
of a triangle are zigzags or multiple zigzag patterns. Therefore, we call the triangle a 3-3-3-3-3
structure. On occasion, one of these subwaves takes
the form of another triangle, and that subwave is usually wave E. Only one of these subwaves can be
complex, meaning strung out over time, and that subwave is normally wave C, D,
place your forex trading signals after Triangle
The final guideline applies to triangles . A triangle is a sideways price move—typically
bounded by converging trendlines—that subdivides into waves A, B, C, D, and E. The entry guideline is
to wait for prices to break the extreme of wave D and place an initial protective stop where wave E
terminates. I do not endorse a more aggressive entry technique because triangles are sometimes deceptive: Since they can form in the wave 4, B, or X wave positions, what may appear to be a bullish fourth-wave triangle could actually be a bearish triangle B wave. A trader with a more aggressive trading style will most likely enter a position well before prices
penetrate the termination point of wave D. If so, I
recommend using the extreme of wave A as an initial
protective stop rather than the end of wave C. It is not uncommon in equities or thinly traded markets for intraday price action to exceed the extreme of wave C and reverse.
free forex signals Depends on Elliott Wave Trading pattern
Gain Access to FREE Forex Signals in the Members Area
Gain Access to FREE Forex Signals in the Members Area
GET FREE forex Signals via SMS, Email and WhatsApp
GET FREE forex Signals via SMS, Email and WhatsApp