elliot wave analysis mothersumi chart correction type triangle (A,B,C,D,E) all lag internal (A,B,C) complete the correction this stock. good stock trading purpose,
A triangle is a sideways movement that is associated with decreasing volume and volatility. Triangles have 5 sides and each side is subdivided in 3 waves hence forming 3-3-3-3-3 structure. There are 4 types of triangles in Elliott Wave Theory: Ascending, descending, contracting, and expanding.