03 Simple Corrections

Triangle

Contracting · Expanding · Barrier · Running · Rules, Guidelines & Trading Applications

A triangle is a sideways corrective pattern consisting of five waves (A-B-C-D-E), each subdividing into three waves (3-3-3-3-3). Triangles appear in Wave 4, Wave B, or Wave X positions and reflect a temporary balance between buyers and sellers before the trend resumes — typically followed by a swift thrust in the direction of the larger trend.

Position Wave 4 or B
Structure 3-3-3-3-3
Shape Converging
After completion Thrust follows
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