ASCENDING TRIANGLE - WOLFE WAVE CONFLUENCE

Short

Dollaro australiano / Dollaro (FX:AUDUSD)

Aggiornato

FX:AUDUSD Dollaro australiano / Dollaro

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

Commento:

Expecting Lower high's and Lower low's

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