ASCENDING TRIANGLE - WOLFE WAVE CONFLUENCE

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Dólar Australiano/Dólar Americano (FX:AUDUSD)

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FX:AUDUSD Dólar Australiano/Dólar Americano

Morning traders!

4H Chart

This is one of my favorite setups when the markets are contracting.

Currently I have an "ASCENDING TRIANGLE" with a " BEARISH WOLFE WAVE" confluence.

There are pattern formations inside of pattern formations. Depending on your skill, understanding confluence as a trader becomes more and more important.

Note: The "ASCENDING TRIANGLE" was sourced from a book called "Encyclopedia of Chart Patterns" second edition.
The "WOLFE WAVE" was sourced from

Comentário:

Expecting Lower high's and Lower low's

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