In expanding Triangles, is it necessary for wave-d to “overlap” wave-b?
ANSWER:
In all Triangles (expanding, contracting or neutral), it is essential that a portion of the price range of wave-d “overlap” a portion of the vertical price coverage of wave-b. It is also possible (especially in expanding Triangles) that the entire range of wave-b will be “engulfed” by the price range of wave-d but such behavior is not mandatory.
In a contracting triangle, can the e-leg be larger in price than the d-leg?
ANSWER:
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.
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