Corrective
Triangle
A five-wave sideways corrective pattern labeled A-B-C-D-E. Triangles form converging (contracting), diverging (expanding), or running patterns. They appear exclusively in Wave 4 or Wave B position and always precede the final wave of the larger pattern.
EXAMPLE
A contracting triangle in Wave 4: each swing (A through E) gets progressively smaller, and the breakout from Wave E launches the final Wave 5.
RELATED TERMS
Contracting Triangle
A five-wave sideways pattern (A-B-C-D-E) where each successive wave is shorter t...
Running Triangle
A triangle where Wave B exceeds the start of Wave A. This is a strong continuati...
Wave 4
The second corrective wave within an impulse sequence. Wave 4 never overlaps wit...
Wave E
The fifth and final wave of a triangle pattern. Wave E often falls short of the ...