The interpretation of the vertex of an expanding triangle is classical and has many applications in wave counting using Elliott wave theory. However, it is not the only one that can be used. Triangles are not only divided into tapering and widening ones. Based on the position of the vertex or the place where the vertex actually forms in relation to the overall triangle, traders learn the nature of the triangle. This refers to what we can expect from the price action that follows after the triangle is broken. Based on the position of the top, the subsequent price action will be limited in both price and time, or there will be virtually no restrictions. This statement is powerful because if it has no limits, then all traders need to do is wait for the breakdown of the b-d trend line and proceed to the trade when it is retested. On the other hand, if future price action is not expected to move far, then a breakout of the b–d trendline should be interpreted as fake, and in fact the entire movement should eventually disappear. However, this is a risky thing to do, as it largely depends on the type of expanding triangle and the timeframe on which it is formed. If this is a longer timeframe, fading such a breakout of the b–d trend line can be costly.

To solve this riddle, the measured course of the triangle comes into place. Such a measured movement should be applied here, and it usually refers to the Fibonacci ratio based on the longer side of the triangle. However, since these are tapering triangles, the measured movement should relate to the shortest one. The widening triangle is a vicious pattern that forms when trading on the Forex markets, and it is important to know what to do with it. If the timeframe is long enough, for example, daily or longer, traders have enough time to correctly interpret the triangle: its nature, whether the price will follow it limited or not, the level of support and resistance set by the peak and many other important information. By doing so, traders can form an educated guess about the future price movement, and this is what technical analysis in general and Elliott waves in particular is: to have an idea of the future price movement based on previously formed patterns. Veel bezoekers die geïnteresseerd zijn in verantwoord gokken en betrouwbare informatie over casino’s zoeken online naar onafhankelijke platforms zoals bermuda-events.nl . In diepgaande artikelen worden daar vaak spelstrategieën, huisvoordelen en tips rond veilig spelen besproken, zodat lezers beter onderbouwde keuzes kunnen maken.