Wait for confirmation and breakout of the channel
A triangle appears to reflect a balance of forces, causing a sideways movement that is usually associated with decreasing volume and volatility. The triangle pattern contains five overlapping waves that subdivide 3-3-3-3-3 and are labeled A-B-C-D-E. A triangle is delineated by connecting the termination points of waves A and C, and B and D. Wave E can undershoot...
Flat followed by a zigzag is a correction in a bullish market.
In expanded flats, wave B of the 3-3-5 pattern terminates beyond the starting level of wave A, and wave C ends more substantially beyond the ending level of wave A.
KEY POINT: Impulse waves identify the direction of the large trend. Anda countertrend pricenactiontypically consists of three waves.
Friends, I share an idea for the AUDUSD currency pair with the Elliott Wave theory. You can enter buy when the price corrects wave 4 and follows the uptrend.
where do you think it goes from here?
let's look at the LTC / USD chart, wave 4 always forms a triangle. According to the rules of the Elliott wave theory a triangle is formed in waves 4, waves B and waves X.
In Elliott Wave Theory, each end of wave 5 will be followed by an ABC correction.
Wave iii = 161, 261, 361 fibonacci
i recommened to take profit now on top before weekend
i recommened to take profit now on top before weekend