Sail Bullish (17-01-2022)

Jan 17, 2022

sail chart 1 hour time stock correction show triangle correction (A,B,C,D,E).
wave A = (A,B,C)
wave b =(A,B,C)
wave c =(A,B,C)
wave d =(A,B,C)
wave e = (A,B,C)

Triangles are a correction five-wave pattern (marked as A-B-C-D-E), which is divided into five types. This pattern is formed in a position prior to the final wave in an impulse or a correction. For example, a triangle could be formed in a wave four in an impulse or wave B in a zigzag.

Also, this pattern occurs in final wave X in a double/triple zigzag or three patterns.

Wave two of an impulse can’t be a triangle.
Waves A, B and C are usually zigzags, double zigzags, triple zigzags (that’s rare), double and triple threes.
Waves D and E could be triangles themselves.
Triangle’s classification
On the next picture, you can find all types of triangles (Horizontal, Barrier, Expanding, Running and Skewed). Let’s examine them one by one.

All types of triangles Elliott Wave analysis

Jan 17, 2022

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Feb 9, 2022

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