In a Triangle, the waves always subdivide into 5 waves: A, B, C, D, & E.
Wave A never goes beyond the origin or point X.
Structure = 3-3-3-3-3
At least four of the five waves subdivide into a zigzag or a combination of zigzags.
Triangles do not have more than one complex subwave (only one Double or Triple).
One of the five waves can subdivide into an Impulse
In a Barrier Triangle, Wave C never goes beyond Wave A, & Wave E never moves beyond C.
In a Barrier Triangle, Wave D ends around Wave B, forming a straight flat line or Barrier.
Guidelines:
Wave B may go beyond the start of Wave A; it is not common and it is called a Running Triangle.
A Wave 5 following a Barrier Triangle can either be sharp, short and brief; or turn into an Extended Wave 5.
Barrier Triangles are less common than a Contracting Triangle.
Wave A never goes beyond the origin or point X.
Structure = 3-3-3-3-3
At least four of the five waves subdivide into a zigzag or a combination of zigzags.
Triangles do not have more than one complex subwave (only one Double or Triple).
One of the five waves can subdivide into an Impulse
In a Barrier Triangle, Wave C never goes beyond Wave A, & Wave E never moves beyond C.
In a Barrier Triangle, Wave D ends around Wave B, forming a straight flat line or Barrier.
Guidelines:
Wave B may go beyond the start of Wave A; it is not common and it is called a Running Triangle.
A Wave 5 following a Barrier Triangle can either be sharp, short and brief; or turn into an Extended Wave 5.
Barrier Triangles are less common than a Contracting Triangle.
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Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.