Tag: impulse wave

Ascending and descending Triangles

Fxpips Gainer TeamElliott Wave Theory, Forex study

Description These are mentioned under the Triangles description in the Classic patterns section. Basically these patterns are the same as common contracting triangles, except for the fact that ascending and descending triangles slope up or down.

WXY or Combination Pattern

WXY or Combination Pattern

Fxpips Gainer TeamElliott Wave Theory

  Many kinds of combinations are possible. Below a rather complex example has been depicted. Description A Combination combines several types of corrections. These corrections are labeled as WXY and WXYXZ if it is even more complex. It starts for…