Wave IV as Double Three Correction
Wave IV as Double Three Correction.
- Wave W: Zig-zag
- Wave X: Any Three
- Wave Z: Double Three of smaller degree
Also, the symmetrical triangle is shown in the chart above.
When a symmetrical triangle forms in a downtrend, then breaks and closes above the declining support line, it suggests a reversal of the downtrend.
The new impulse wave begins soon...
- Wave W: Zig-zag
- Wave X: Any Three
- Wave Z: Double Three of smaller degree
Also, the symmetrical triangle is shown in the chart above.
When a symmetrical triangle forms in a downtrend, then breaks and closes above the declining support line, it suggests a reversal of the downtrend.
The new impulse wave begins soon...
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.