Hello friends
A 5-wave pattern is seen in the form of a corner pattern, which is usually in the initial wave 1 or the final wave 5, and the pattern is completed.
Now we see a triangle pattern
The triangle pattern is formed in wave B or wave 4
Therefore, we are facing two scenarios
If it is wave 4, the price moves up and if it is ABC, it moves down
Therefore, we wait for the break of the determined levels
With the failure of each of the levels, you can enter the transaction
Good luck
A 5-wave pattern is seen in the form of a corner pattern, which is usually in the initial wave 1 or the final wave 5, and the pattern is completed.
Now we see a triangle pattern
The triangle pattern is formed in wave B or wave 4
Therefore, we are facing two scenarios
If it is wave 4, the price moves up and if it is ABC, it moves down
Therefore, we wait for the break of the determined levels
With the failure of each of the levels, you can enter the transaction
Good luck
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.
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.