Forex: How to Trade Elliott Wave “Triangles”
by Editorial Staff
Updated: April 22, 2022
Cryptocurrencies are all the rage these days, and it’s easy to forget that the biggest market on the planet are not cryptos – it’s the other currencies, the traditional ones, the ones we still (occasionally) carry around in our wallets and pockets.
Forex trading volumes dwarf the global stock markets by the magnitude of 10, and opportunities for traders are plenty. One way to take advantage of them is to watch for a pattern called “triangle.”
You see them on prices charts all the time: Those moments when the price first swings wide, then less so, then shrinks some more… until – boom! – it explodes higher or lower.
Watch our Currency Pro Service editor Michael Madden show you how to trade Elliott wave triangles using a recent AUD/JPY opportunity.