TRIANGLE CORRECTION : ELLIOT WAVE ANALYSIS ( ELLIOTT BABA)TRIANGLE CORRECTION : ELLIOT WAVE ANALYSIS ( ELLIOTT BABA)
A triangle is a sideways movement that is associated with decreasing volume and volatility.
Guidelines
Triangles have 5 sides, Corrective structure labelled as ABCDE
Location :
a- Usually happens in wave B or wave 4
b- Wave D in triangle itself
c- If in second then 2 will be zigzag and this will happen in B of zigzag
d- X wave of Double Three correction and XX wave of Tripple Three
e- XX wave of Double Zigzag correction
f- Wave D in triangle itself
Subdivided into three (3-3-3-3-3)
Subdivision of ABCDE can be either ABC, wxy, or flat
