Ascending triangles always have negative divergence and then the
move up is a 5th wave, ascending triangles are 4th wave
consolidation patterns, and if the pattern breaks to the upside and
validates, it's a 5th wave, which is an ending move.
Again it may also form a more complex triangle etc
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Neg D's
Market
Posted by shellysan on 23rd of Mar 2010 at 01:36 pm
Matt, in your chart, do you see any neg divergences between the last high and today? The MACD looks lower, but not crossing down yet. Thanks
Ascending triangles always have negative
Posted by matt on 23rd of Mar 2010 at 01:41 pm
Ascending triangles always have negative divergence and then the move up is a 5th wave, ascending triangles are 4th wave consolidation patterns, and if the pattern breaks to the upside and validates, it's a 5th wave, which is an ending move.
Again it may also form a more complex triangle etc