mmhogsett

mmhogsett

Expanding Triangle Rules Most rules are the same as for contracting triangles, with these differences: Wave C, D, and E each move beyond the end of the preceding same-directional subwave. (The result is that going forward in time, a line connecting the ends of waves B and D diverges from a line connecting the ends of waves A and C.) Subwaves B, C, and D each...

mmhogsett

A possible expanding triangle setup on the 4hour of the NZD. Assuming the US Dollar continues with strength we could possibly see a D wave to around 0.60470 for NZD. Wave A represents 38.2% of the last downtrend wave in expanding triangle. Wave B represents 1.272% of wave A in expanding triangle. Wave C represents 1.272% of wave B in expanding triangle. Wave D...

mmhogsett

excellenceassured.com This wedge was found on 5/15min time frame after observing elliot wave pattern on 1 hour within a bear flag like pattern. You can't really call the 1 hour pattern an official corrective wave because it does not match any elliot patterns I know of. Comment below if you do. I will consider shorts at the break of the bottom line on the wedge.

mmhogsett

Aggressive traders will enter long trades right around the lower horizontal support trendline once sufficient support has confirmed. The concept is that the trend is on your side and the bulls are maintaining a ‘line in the sand’ support line higher than previous. This is a very accurate trade that usually has a great risk:reward ratio. Stop placement can be...

mmhogsett Updated 

Rules met to enter: Price has nicely previously bounced from our support levels. Price is above VWAP. We attempt to enter on the previously lowest wick in the support zone. SL is placed below VWAP and TP is calculated using a 4:1 Ratio base day on our SL.

mmhogsett

Descending triangle upper line breakout, limit buy placed right above upper trend line and tp set to 2:1 ratio of the stop loss below the lower trend line. Happy trading!

mmhogsett

JASMY is following a descending channel on multiple smaller timeframes, 10min, 15min. etc. At the close of the first candle above the top trend line we entered our long trade and placed a tight stop below the wick of the previous breakout candle. Take profit is calculated by taking the length of our channel and placing it at our entry price or experiment with...