TriangleContr
This pattern has been defined as a complex Corrective Pattern in which all waves are corrective and the trendlines converge.
It is a very common corrective pattern,which takes the form of a sideways correction.
triangles mostly occur in wave4 or B ,sometimes in wave X .
this will be followed by strong thrust .
the most likely price target for the followed is the width of the converging channel at wave B added to wave E ;
This pattern has been defined as a complex Corrective Pattern in which all waves are corrective and the trendlines converge.
It is a very common corrective pattern,which takes the form of a sideways correction.
triangles mostly occur in wave4 or B ,sometimes in wave X .
this will be followed by strong thrust .
the most likely price target for the followed is the width of the converging channel at wave B added to wave E ;