Ekaterina Gorbatenko

Fibonacci expansion tool will help you pick your useful for picking profit targets when trading trends.

Usually, a correction tests one of the Fibonacci levels of the previous wave.

You must follow all the rules we went through in the previous articles, but the guidelines are not written in stone. In other words, guidelines not always appear but they are in a sufficient number of cases, so we shouldn’t ignore them.

Triangles are a correction five-wave pattern (marked as A-B-C-D-E), which is divided into five types.

Double and Triple Threes are the trickiest wave patterns, which consist of zigzags, flats, triangles, double and triple zigzags. There’s no any rule related to order of these correction patterns, except a position of a triangle in these structures.

As you can guess from the title, this pattern consists of two zigzags and correction between them. This is the first complex correction pattern we’re going to examine.

Unlike motive waves, corrections are more complicated and tricky structures.

Sometimes a fifth wave could be weak and end without reaching the end of the third wave.

As we already know, the fourth wave of any impulse can't overlap an ending point of the first wave. However, sometimes an overlap happens when we expect to have an impulse wave.