Elliott wave Principle : Triangles

FX:GBPUSD   British Pound / U.S. Dollar
There are 3 Types of Triangle,
Triangle forms in Corrective waves,
Triangle occurs in wave 2, 4 & B,

1) Contracting Triangle
+ Always Subdivides Into Five waves
+ at least four waves among wave A, B, C, D, each subdivide
into a Zigzag or Zigzag Combination.
+wave C never moves Beyond the end of wave A, wave D never moves beyond the end of waves b and D converges with a line connecting the eds of waves A and C.
+A triangle never has more than one Complex sun wave, in which case it is always a zigzag combination or a triangle.

2) Expanding Triangle :
most Rules are same as for contracting triangle
differences is :
+ wave C, D and E each moves beyond the end of the preceding same- directional sub-wave.
+ sub-waves B, C and D each retrace the last 100%
but no more than 150 Percent of preceding sub-wave.

3) Barrier triangle :
+ a Barrier Triangle has the same characteristics as a contracting triangle expect that waves B and D end at essentially the same level.
We have yet to observe a 9-wave barrier triangle, implying that this form may not extend.
+ when wave 5 follows a triangle, it is typically either a brief, rapid movement or an exceptionally long extension.


Thanks Kinari, I am new and do not get all at once but I will work and try to get it all. how do you put it in a buying and selling perspective? please.
Just trying to understand the timeframe over which to trace these patterns. Could you please clarify?
Thanks Kinnari, very helpful. Could you help please and explain how to recognize if a pennant is bullish or if it is bearish? On the one hand if the pennant is following a decreasing on the other hand a surging price. Would be very helpful. Thanks.
Thanks Honey
Excellent write up .. Thanks
I think it never occurs in isolation in wave 2
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