7pasos

Rare yet possible triangle to set the C impulse

FX:EURUSD   Euro Fx/U.S. Dollar
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I have few examples of triangles in this site, this is a good once example because its rareness.

First of all the 4th wave is extraordinary long but yet fits into the starting channell
Then other thing that could seem rare but is not at all is the fact that the b wave extend beyond the start of wave a, we should remember that the structure of triangle determine the nature of itself as contracted or expanded due the AC relation, in this case as the triangle retraces down the 3 wave and c is higher than a the triange is contracted.
Then the rest fits it self.

The guides that confirms our posture:
The channeling
The 4 wave retraced the 38.2% of 3
The context

Sorry an error in the 4th wave guide see correct here, how the wave 4 divides into 2 sections 38.2 and 61.8% wave C
A rare but yet possible triangle to set a 5
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