Expanding Triangle Pattern
Ascending Triangle: This is a triangle, which slopes upwards. This pattern has been implemented in the Modern Rules. Descending Triangle: This is a triangle, which slopes downwards. This pattern has…
Contracting Triangle Pattern
Description A triangle is a corrective pattern, which can contract or expand. Furthermore it can ascend or descend. It is composed of five waves, each of them has a corrective…
Expanded Flat or Irregular Flat Pattern
Description This is a common special type of Flat. Here the B wave is extended and goes beyond the (orthodox) end of the previous impulsive wave. The strength of the…
Flat Pattern
Description Flats are very common forms of corrective patterns, which generally show a sideways direction. Waves A and B of the Flat are both corrective patterns. Wave C on the…
Extension Pattern
Maximize your profit by copy Our Trade Description By definition an extension occurs in an impulsive wave, where waves 1, 3 or 5 can be extended, being much longer than…
Impulse Patterns
Description Impulses are always composed of five waves, labeled 1,2,3,4,5. Waves 1, 3, and 5 are themselves each impulsive pattern and are approximately equal in length. Waves 2 and 4…
Patterns For Elliott Wave Theory
Studying the patterns is very important in order to apply the Elliott Wave Principle correctly. The pattern of the market action, if correctly determined, not only tells you to what…