Price has broke out of the triangular formation that was formed. The Elliott Triangle Wave (ABCDE) played quite beautifully with this one. Looking for a five count impulse wave upwards to higher highs.
Hey, im learning the basic of these charts and i also noticed a triangle formation on XVG USD but im wondering how to know when to consider i was wrong. I guess today we see that xvg/usd is going down out of the triangle. Is this saying that our trade is done and the pattern can be forgotten until a new clear one?
Thanx a lot for helping me out and sorry to be that newbie :)
eliliving
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@HappyAP, I'm going to recalibrate and analyze my chart one more time later tonight! I'll publish a new idea because it looks like we're stuck in a channel right now.
Thanx a lot for helping me out and sorry to be that newbie :)