Elliott Wave Triangle patterns
NTR (Nutrien) is in a well-formed descending triangle with a low ADX in an overall consolidating market.
Triangle patterns have a high percentage of breakout potential on their merit, especially one that has a triangle mouth this large.
Adding in the fact that the VIX and the market, in general, is at the lower end of the historical range, which puts the likelihood of a profitable breakout even more in our favor.
The trade was a Long Strangle in the EWO Volatility Strategy.
This specific trade returned +42% in just 28 days for our Trade Alert subscribers!
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Your Guide to Elliott Wave Theory – The ultimate in-depth guide!
Elliott Wave theory is a broad area of knowledge making it very difficult for beginners to know where to start!
This video from Rob Roy is designed to kick off your Elliott Wave journey by giving you a broad overview of the concepts that you will need to understand in order to start trading with Elliott Wave.
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