Elliott Wave Theory (Wave 5- $ 100)
Uppdaterad
Hi everyone,
A Possible scenario is shown in the chart (Target $ 100).
The pattern emerges normally between one flat and one falling lines.
Corrective wave patterns:
The best way to trade an Elliott Wave triangle is to anticipate the end of wave '5'. Sometimes this is easier said than done!
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$ 100Kommentera
There are four different variations of a 5 wave move:1- Impulse wave,
2- Impulse with Extension
3- Impulse with Truncation
4- Diagonal.
Five wave structures :
1- Impulse:
1-1 Extensions : Appears in either wave 1, 3 or 5.
1-2 Truncations : wave 5 does not exceed the end of wave 3. often occurs after a strong third wave.
2- Diagonal triangles:
Leading Diagonal, Ending Diagonal
Wave 4 almost always moves into the price territory of wave 1.
Normally has wedge shape
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$ 100
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