You can assume all you want but that labeling is not
correct...the triangle BEGINS off the lows not as you labeled.
It's possible that this pullback may form your "D" wave IF
price holds and rebounds. Or a more complex correction
unfolds such as an ABC X ABC
GLD - Latest...
Posted by saturn6 on 26th of May 2015 at 10:11 am
Failure at the lower line would imply the 'Bear Wedge' is in play...
Labeling must start from the
Posted by steve on 26th of May 2015 at 10:13 am
Labeling must start from the lows...simply an A-B-C
RE - Labelling...
Posted by saturn6 on 26th of May 2015 at 10:18 am
Not if as I assume it is an 'Ascending Triangle'.
You can assume all you
Posted by steve on 26th of May 2015 at 10:22 am
You can assume all you want but that labeling is not correct...the triangle BEGINS off the lows not as you labeled. It's possible that this pullback may form your "D" wave IF price holds and rebounds. Or a more complex correction unfolds such as an ABC X ABC
RE - Labelling...
Posted by saturn6 on 26th of May 2015 at 11:09 am
I get you!...I had it labelled as an 'Expanding Triangle' for some reason.
np Saturn...I just don't want
Posted by steve on 26th of May 2015 at 11:11 am
np Saturn...I just don't want members confused. Simple rule for triangles is that Wave A must be the longest.
Of Course...
Posted by saturn6 on 26th of May 2015 at 11:14 am
Wave-A the longest...Unless it is an 'Expanding Triangle'. Which what I posted is not one.