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Elliottwavecorrection

[EW COURSE] LEANDING DIAGONAL TRIANGLESThe diagonal triangle is a particular type of wave composed of Five minor movements that move within two trendlines, both ascending (or descending), converging in the direction of main trend. Diagonal triangles substitute for impulses at specific locations in the wave structure. They are the only five-wave structures in the direction of the main trend within which Wave 4 almost always moves into the price territory of (i.e., overlaps) Wave 1. This pattern we like very much!! ...and we use it on 30' and H1 TF. Thank you very much for your support, and we hope this analysis can help you in your Trading Plan!! ...support us with your "ILIKE"!! Happy Trading!!
Education
by TheAnonymousBanker
8
VG - Want some more? - Correction Over! Long! Pulled back just like we thought, and has just completed the 3rd leg a Elliot wave A-B-C corrective wave. Also is wave 4 of the bigger wave. We have piercing pattern candle completed too, with a bullish confirming candle. Elliot says wave 4 cannot retrace into the high of wave one, so if our count is correct, we have a nice tight stop of $.15 to $.20 and we can reevaluate. People complain about this stock, but IMO it is acting just like it should according to both Elliot wave and XABCD/Harmonic and fib traders.
VLong
by AuthenticTrader