# Correctional model – Triangle

Elliott Wave Theory Rules
Elliott Wave Theory

## Triangle (T).

On the chart is denoted by the letters ABCDE. A corrective model consisting of five waves. Refers to the class of sideways (horizontal) corrections, since wave B may end behind the base of wave A, unlike the zigzag. The internal structure of the triangle looks like 3-3-3-3-3 / 3-3-3-3-5 / 3-3-3-5-3.

### Structure rules:

• A triangle is always subdivided into five waves.
• At least four waves among the waves A, B, C, D, E of the triangle are always subdivided into single zigzags.
• One of the waves A, B, C, D, E of the triangle can become a double zigzag, and waves D and E themselves can become tapering triangles.
• There can be no more than one complex wave in a triangle.

### Rules for Model Construction:

• Wave C never goes beyond the end of wave A, wave D never goes beyond the end of wave B, and wave E never goes beyond the end of wave C.
• In a tapering triangle, the upper line goes down the price scale and the lower line goes up. Converging, the lines form a likely market reversal point.

### Norms:

• Wave C more often takes the form of DZZ than the other waves of the triangle.
• In 60% of cases, wave B is longer than wave A and ends behind the base of wave A. In this case, the triangle is called a running triangle.
• If wave B becomes greater than 200% of the length of wave A, it is more likely that a mistake was made in the markup.
• Alternating triangle waves can be in the Fibonacci proportion of 62%. For example, we can assume wave D is equal to 62% of the length of wave B.
• Wave C of a triangle is often 79% of the length of wave A.