Glossary
What is Triangle pattern?
An Elliott triangle is a sideways A-B-C-D-E correction that often resolves with a breakout after wave E.
In Elliott terms, a triangle is a sideways correction usually labeled A-B-C-D-E. Contracting triangles get smaller; expanding triangles get larger; running triangles skew with the trend.
Breakouts beyond the triangle boundary (often after wave E) are common trade triggers. Stops frequently sit beyond wave E or the opposite boundary.
Do not confuse this chart pattern with a PipAlert Channel. On PipAlert, triangle context may appear in a Trade Idea or Signal commentary while levels stay structured.
Related terms
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