ShreeKrishna

Difference Between Preferred Pattern & Alternative Patterns

NSE:NIFTY   Nifty 50 Index
I have made some efforts in Explaining one must have view of Preferred Pattern and alternative pattern

Even R N Elliott have Given the detailing on it , Wave Theory is a Method to Gauge the Market which represents self similarity patterns in the Market

those which have Higher % of repeating are called Preferred pattern and those which are Less repeating are called alternative Pattern

This video highlights the alternative pattern pan Out

one must wait for Proper set up to form before taking any decision of Trade

Good luck

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.