Tag: patterns

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.

Running Flat (modern) Pattern

Fxpips Gainer TeamElliott Wave Theory

Description This pattern is exactly the same as a Running Flat, except for the fact that it must retrace more than 60%, if not we consider it to be a normal Running Flat. This distinction is necessary, because normally a…

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…