Elliot Waves Complete Guide | Chapter 3.4 - "Barrier/Expanded"

Hello Traders. Welcome to Chapter 3.4, where we talk further about two more different types of triangles - the Barrier and Expanded triangle. In the previous chapter we talked about the running flat and contracting triangle, but for these two, they are essentially the same but different overall shape! Most importantly, these are very common patterns within the realm of technical analysis and these textbook patterns also have Elliot Wave patterns within these common patterns. So, as you can see, if you can memorize the simple patterns, then you can start applying more advanced theories on top of them!

Chapter 3 Glossary:

3.1 Zig-Zag Waves
3.2 Flat Correction , Expanded Flat
3.3 Running Flat, Contracting Triangle
3.4 Barrier Triangle, Expanded Triangle
3.5 Double-Three
3.6 Triple-Three

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Barrier Triangle
The only difference from the contracting triangle is that the line BD or ACE is horizontal. This is actually a very common pattern we see used daily by traders - the "ascending triangle". The other one goes towards a horizontal line, so a Barrier Triangle is a variation of the contracting pattern. A barrier triangle has the same characteristics as a contracting triangle except that waves B and D end at essentially the same level.

Expanded Triangle
Most rules are the same as for contracting triangles, with these minor differences (make sure to memorize these as well!):

- Waves C, D, and E each move beyond the end of the previous 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.)

In the next chapter we will be going over the double three, and finally the triple three as a conclusion to chapter 3.

Make sure to read review all of my previous chapters. It will start to get more advanced!

ความคิดเห็น:

Elliot Waves Complete Guide | Chapter 1 - "The Overall Cycle"

ความคิดเห็น:

Elliot Waves Complete Guide | Chapter 2.1 - "Motive Waves"

ความคิดเห็น:

Elliot Waves Complete Guide | Chapter 2.2 - "Ending Diagonal"

ความคิดเห็น:

Elliot Waves Complete Guide | Chapter 2.3 - "Extensions"

ความคิดเห็น:

Elliot Waves Complete Guide | Chapter 3.1 - "Corrective Waves"

ความคิดเห็น:

Elliot Waves Complete Guide | Chapter 3.2 - "Flat-Expanded Flat"

ความคิดเห็น:

Elliot Waves Complete Guide | Chapter 3.3 - "Running, Contract"