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What is an Expanding Triangle?

In terms of position of occurrence, wave structure and consequences the expanding triangle is the same as the regular contracting triangle. It can occur as a wave X, wave B or wave 4. It is a sideways movement. It consists of 5 waves marked a-b-c-d-e, structured 3-3-3-3-3. It also precedes the final movement of the…

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Leonardo Fibonacci and The Golden Ratio

Leonardo Fibonacci (1170-1250) is an Italian mathematician, founder of “the Fibonacci sequence” of numbers, where  each number is the sum of the previous two: 0, 1, 1, 2, 3, 5, 8, 13, 21, 34, 55, 89, 144, 233, 377, 610, 987 etc.          There are several manifestations of the so called “Golden Ratio”, which can…

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Elliott Wave Patterns

Technical analysis in general is a method of market forecasting, based on pattern recognition. The Elliott Wave Principle is a more specific method, which uses its own patterns, called “waves”. They are as follows: Impulses What is an impulse? Every impulse consists of 5 waves. Impulses show the direction of the larger trend. There are…

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