Triangle Apex- A Tool to Time Major Trend Changes or Reversals

Go to http://www.technicalanalysisbase.com/other-reports/triangle-apex--a-tool-to-time-major-trend-changes-or-reversal to view complete report which includes 16 charts proving the potential of triangle apexes as a market timing tool.


I was reading The Elliott Wave Principle by Frost and Prechter and came across a line that was probably mentioned only once in the entire book. It was something along the lines of ‘the authors observed that the time when the trend lines of the horizontal triangles converge is the time when there is a major change in trend.’ In other words, the analyst should expect a major change in trend when a triangle apex is expected to form.

Although I cannot present any statistical study or academic review that supports the reliability of this observation, the analyst or trader should be proactive and aware of potentially significant moves during the time the apex is expected to form.

Rather than write about this phenomenon, I’ll show it to you.

Also, now that we are on triangle apexes, the level where the triangle apex forms often serves as support/resistance.

Go to http://www.technicalanalysisbase.com/other-reports/triangle-apex--a-tool-to-time-major-trend-changes-or-reversal to view complete report which includes 16 charts proving the potential of triangle apexes as a market timing tool.













Go to http://www.technicalanalysisbase.com/other-reports/triangle-apex--a-tool-to-time-major-trend-changes-or-reversal to view complete report which includes 16 charts proving the potential of triangle apexes as a market timing tool.

Don't forget to visit
Technical Analysis Base Website at http://www.technicalanalysisbase.com and
Sanjeet Parab Blog at http://sanjeetparab.blogspot.com

Sanjeet Parab
________________________