23.11 – 2009, Sunday Morning,
Eur-Jpy as many other yen crosses took very agressive move once market opened for new week in asian hours.
There was several yen cross triangles available, including cad-jpy also market perfectly by this code.
When looking this chart or the pattern program created automatically as triangle – triangles areso deep core part of the EW technology that either one would fill the chart incorrectly with the actual waves, they all leads to the same results and it just shows some places where EW is not so complex as some peoble think it is with all the alternates of the waves.
I did mark to this chart 2 completely different scenarios – they are not anything as forecasts since no any other time frames as EW degree are not considered in here, but more as a teaching case to show how scenario would be the same from triangle bottom.
There´s more ways than this to end with the waves in here, one could fill entire triangle as “A-B-C-D-E” and finish it with fifth.
It could be flat also and leads for bigger bearish triangle / 4th wave correction to plunge more with next impulse.
The point in here just is that that triangles are everywhere in EW and very core of it. Pay attention for actual EW patterns, they are in fact more powerfull than waves itself to recognice where waves might end and prices will reverse. All EW patterns are listed in this blog sidebars also.
