Darenth

Transaction Method of Triangle Pattern

FX:EURUSD   Euro/U.S. Dollar
670 13 37
Triangle is a common pattern,Often appear in "/ Wave 4/","/ Wave B/"and"/ Wave X/" ,It's marking method is ABCDE,We'll find some examples to illustrate the ways in which it is traded.

The usual way of trading is: "/ Wave E/" after entering.
We can through the ratio (Fibline), MACD, as well as the trend line, to judge the "/ Wave E/" of the end,and the Minimum target at Wave's lowest point.
Like this(2015/12/07 GBP/JPY             Diffuse Triangle Pattern ):
snapshot

(2016/01/15 AUD/NZD             Diffuse Triangle Pattern ):
snapshot
"/Wave E/" break the trend line is normal phenomenon, so after we establish positions, Stop-loss can moderate easing.

sometimes It is quite difficult to identify,Like this(2015/09/22 GBP/CAD             Triangle Pattern ):
snapshot

Although it's difficult to distinguish, but this way of trading success rate is very high


You really a pro trader on Elliot wave Skill !! Do you have any group or website to share the technical? I can learn more from there
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Thanks Darenth. a question, has it ever happened to you where the breakout went into the opposite direction than the preceding trend ? I've also seen that the trend most of the time continues into the direction before the consolidation/sideways movement.
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Darenth Vanlynn
Do you mean reversal?Sorry,my english is poor,
Adjusting triangles is just a trend relay,In addition to the end / drive triangle,They are quite different from the triangle.

Like this:

snapshot


snapshot


It's a completely different patter, and if you can take your chart, I can better understand what you mean.
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Thank you vey much. Ill be happy if you can upload more like this!
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Darenth yossih
Thank u, I will try to update more : )
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Thank you. This is very helpful. Looking forward to more useful posts like these.
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Thank you, there will be more : )
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THANK you!
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Darenth dizel100
thanks
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...amigo - well done!
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