An explanation on subsequent of the ongoing fourth wave:

In my view, forming of a triangle pattern on the ongoing fourth wave is possible. A zigzag [ a – triangle b – c ] up could be labeled as wave (a) of a triangle, and then a possible zigzag [ leading diagonal a – b – c ] down as a wave (b) of the same triangle likely in progress, …


“A triangle appears to reflect a balance of forces, causing a sideways movement that is usually associated with decreasing volume and volatility. the triangle pattern contains five overlapping waves that subdivide 3-3-3-3-3 and are labeled A-B-C-D-E.”

EURUSD - Intraday


Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s