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Strategies & Market Trends : Classic TA Workplace -- Ignore unavailable to you. Want to Upgrade?

To: venividivici who wrote (134850)	7/27/2006 11:24:58 PM
From: skinowski	Read Replies (1) \| Respond to of 209892

As I recall, I classic triangle must have (at least) 2 top and 2 bottom reversals, which would be the points through which one draws the trendlines. I'm sure MC can confirm or correct this. Otoh, an Elliottian triangle must contain 5 waves, and each of them must consists of three subwaves. They are really different chart formations. Think, for example, of a formation 1-2-(1 of 3 or C) The part in the parentheses would complete a classical triangle -- and, of course, it would be a reversal pattern. What would follow would be 2 and then 3 (of 3 or C), and off we go. It is one of the advantages of EW that examining the structure of the moves gives one clues as to what may come next. Anyway, please let me know what you'll discover in Neely's work. I'm sure it must be interesting. I think Zoran Gayer used some of his concepts, and I believe Onishcka does as well.