Channeling is an important tool not only to determine which sub waves belong together, but also to project targets for the next wave up. Channels are parallel lines, which more or less contain the complete price movement of a wave. Although the trend lines of a Triangle are not parallel lines, they will also be … Read more
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 Running Flat is rare. But if it retraces more than 60% and still fails to … Read more
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 been implemented in the Modern Rules. Running Triangle: This is a triangle where the B wave exceeds the origin of wave A.
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 nature. Rules and guidelines • It is composed of 5 waves. • Wave 4 and 1 do overlap. • Wave 4 can’t go beyond the … Read more
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 B wave shows that the market wants to go in the direction of B. Often a strong acceleration will take place, which starts a third … Read more