What is an Expanding Triangle? - EWM Interactive
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This pattern resembles a triangle 👇 ⠀ 📚 According to EW theory, each wave of a triangle has an ABC structure, which is clearly visible in this case. ✍️ I have pointed it out in the video for your attention. ⠀ 🔺 Another important point is that a triangle is a trend continuation pattern. ⠀ 📈 AUD/USD has a long-term upward trend, so it is likely that the trend will continue after the triangle completes. ⠀ 🙏 Wait for a breakout of the trend line as additional confirmation of the bullish impulse
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You can recognize the triangle pattern literally at a glance. It unfolds in a very specific part of the larger pattern. See the triangles past and present that Bob Prechter himself sees, in his just-published Elliott Wave Theorist. You can recognize the triangle pattern literally at a glance. It unfolds in a very specific part of the larger pattern. See the triangles past and present that Bob Prechter himself sees, in his just-published Elliott Wave Theorist where he maps out the “only valid opt
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