💨 Elliott Wave Pattern: Triangle 🌊●●● 𝙏𝙧𝙞𝙖𝙣𝙜𝙡𝙚 (T)
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❗️❗️ 𝙂𝙚𝙣𝙚𝙧𝙖𝙡 𝙧𝙪𝙡𝙚𝙨
● A triangle always subdivides into five waves.
● At least four waves among waves A , B , C , D and E are subdivided into a single zigzag .
● A triangle never has more than one complex subwave, in which case it is always a multiple zigzag or a triangle.
❗️ 𝙂𝙚𝙣𝙚𝙧𝙖𝙡 𝙜𝙪𝙞𝙙𝙚𝙡𝙞𝙣𝙚𝙨
● Usually, wave C subdivides into a "multiple zigzag" that is longer lasting and contains deeper percentage retracements than each of the other subwaves.
● Usually, wave D subdivides into a "multiple zigzag" that is longer lasting and contains deeper percentage retracements than each of the other subwaves.
● Alternating waves of a triangle may be in Fibonacci proportion to each other by a ratio of 0.618 for contracting triangles and 1.618 for expanding triangles. For example, in a contracting triangle, look for wave C to equal 0.618 of wave A .
● A triangle can be wave 4 impuls, wave B of a zigzag , wave X of a double or second wave of an X of a triple zigzag , sub-wave C , D or E of a triangle and the last structure of a combination.
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●● 𝘾𝙤𝙣𝙩𝙧𝙖𝙘𝙩𝙞𝙣𝙜 𝙏𝙧𝙞𝙖𝙣𝙜𝙡𝙚 (Contr.T — CT)
❗️❗️ 𝙍𝙪𝙡𝙚𝙨
● Wave C never moves beyond the end of wave A , wave D never moves beyond the end of wave B , and wave E never moves beyond the end of wave C . The result is that going forward in time, a line connecting the ends of waves B and D converges with a line connecting the ends of waves A and C .
● Waves A and B never subdivide into a triangle.
● In a running triangle, wave B should be no more than twice as long as wave A . (Q&A EWI)
❗️ 𝙂𝙪𝙞𝙙𝙚𝙡𝙞𝙣𝙚𝙨
● Sometimes one of the waves, usually wave C , D or E , subdivides into a contracting or barrier triangle. Often the effect is as if the entire triangle consisted of nine zigzags.
● About 60% of the time, wave B goes beyond the beyond the start of wave A . When this happens, the triangle is called a running triangle.
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●● 𝘽𝙖𝙧𝙧𝙞𝙚𝙧 𝙏𝙧𝙞𝙖𝙣𝙜𝙡𝙚 (Barr.T — BT)
❗️❗️ 𝙍𝙪𝙡𝙚𝙨
● Wave C never moves beyond the end of wave A , wave D never moves beyond the end of wave B , and wave E never moves beyond the end of wave C . The result is that going forward in time, a line connecting the ends of waves B and D converges with a line connecting the ends of waves A and C .
● Waves B and D end at essentially the same level.
● In a running triangle, wave B should be no more than twice as long as wave A . (Q&A EWI)
❗️ 𝙂𝙪𝙞𝙙𝙚𝙡𝙞𝙣𝙚𝙨
● About 60% of the time, wave B goes beyond the beyond the start of wave A . When this happens, the triangle is called a running barrier triangle.
● When wave 5 follows a triangle, it is typically either a brief, rapid movement or an exceptionally long extension.
☝️ 𝙉𝙤𝙩𝙚𝙨
● We have yet to observe a 9-wave barrier triangle, implying that this form may not extend.
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●● 𝙀𝙭𝙥𝙖𝙣𝙙𝙞𝙣𝙜 𝙏𝙧𝙞𝙖𝙣𝙜𝙡𝙚 (Exp .T — ET)
❗️❗️ 𝙍𝙪𝙡𝙚𝙨
● Wave C , D and E each moves beyond the end of the preceding same-directional subwave. (The result is that going forward in time, a line connecting the ends of waves B and D diverges from a line connecting the ends of waves A and C .)
● Subwaves B , C and D each retrace at least 100 percent but no more than 150 percent of the preceding subwave.
❗️ 𝙂𝙪𝙞𝙙𝙚𝙡𝙞𝙣𝙚𝙨
● Subwaves B , C and D usually retrace 105 to 125 percent of the preceding subwave.
☝️ 𝙉𝙤𝙩𝙚𝙨
● No subwave has yet been observed to subdivide into a triangle.
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🔗 References:
Elliott Wave Principal 2005
RSWA: Q&A EWI
