ASCENDING TRIANGLE - WOLFE WAVE CONFLUENCE

Morning traders!

4H Chart

This is one of my favorite setups when the markets are contracting.

Currently I have an "ASCENDING TRIANGLE" with a " BEARISH WOLFE WAVE" confluence.

There are pattern formations inside of pattern formations. Depending on your skill, understanding confluence as a trader becomes more and more important.

Note: The "ASCENDING TRIANGLE" was sourced from a book called "Encyclopedia of Chart Patterns" second edition.
The "WOLFE WAVE" was sourced from www.investopedia.com

Kommentera:

Expecting Lower high's and Lower low's