In a contracting triangle, can the e-leg be larger in price than the d-leg?
The rules that make up a contracting Triangle are as follows...
1. Wave-a must be the longest in price of waves-a, c & e 2. Wave-e must be the shortest in price of waves-a, c & e 3. Wave-d must alternate in multiple ways to wave-b (price or time or complexity or structure) 4. Wave-d must trade at least part of the time in the same price range as wave-b
If the above rules are met, even if wave-e is longer than wave-d, then a contracting Triangle may be forming.
At specific times each week, Glenn Neely is available to answer questions, provide guidance, and offer individualized advice. This is an opportunity to speak directly with Mr. Neely to address your unique situation, advance your understanding of markets, and hone your trading and forecasting skills.
Cost is $20/minute, with a 10-minute minimum ($200 minimum charge). Your credit card will be charged after the call.
To schedule a consultation, please click on the "Request a Consultation" button below and fill out the Contact form. Our Sales Manager, Magelan Ferreira, will respond to your request to arrange a consult with Mr. Neely.