Learning Fundamentals: Post-Triangle Thrust Momentum
After a triangle ends, the next wave, which is usually sharp and fast, is called a thrust. The post-triangle thrust measurement, which is calculated by applying the width of the triangle to the end of wave E, estimates the expected minimum distance traveled of that thrust.
Key Takeaway: Can you count five waves into a calculated thrust measurement? Pay attention for a reversal.
For a complete description, please read Elliott Wave Principle: Key to Market Behavior by Robert Prechter and A.J. Frost.
Video Topic: Post-Triangle Thrust Momentum
More videos coming soon!