A Diagonal Triangle in Elliott Wave theory is a wave pattern that consists of 5 waves, but it has a unique characteristic where the waves tend to overlap. It can occur in two types:
1. Leading Diagonal
This pattern occurs in the first wave of an impulse (Wave 1) or in Wave A of a correction. It shows the beginning of a strong trend, and the wave structure follows...
An Open Triangle Chart is a type of technical chart pattern used in the analysis of stock prices or other assets. Triangle patterns typically represent a period when the market is indecisive, with buyers and sellers pushing the price into a narrowing range.
An Open Triangle refers to a price movement pattern that forms a triangle shape. This pattern can generally...
