Pattern
Wedge
A converging price pattern that narrows over time. In Elliott Wave context, wedges are classified as diagonal patterns. They signal exhaustion when appearing in Wave 5 or C, and trend initiation when appearing in Wave 1 or A.
A converging price pattern that narrows over time. In Elliott Wave context, wedges are classified as diagonal patterns. They signal exhaustion when appearing in Wave 5 or C, and trend initiation when appearing in Wave 1 or A.