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Re: BlissBull post# 47414

Monday, 09/10/2012 5:47:00 PM

Monday, September 10, 2012 5:47:00 PM

Post# of 51788
"Falling Wedge"

I took the time to read the examples at the link provided. From an E-wave point of view, the examples of falling wedges have different meanings.

An e-wave triangle means larger degree trend continuation as wave 4 in a bull market, or as wave b in a zigzag bounce.

An e-wave ending diagonal means larger degree trend reversal as wave 5 in a bear market, as wave c in a zigzag pullback, or wave c flat in a bull market correction.

Knowing the different e-wave meanings for wedge patterns helps traders to anticipate the market direction, timing, and strength.

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