These Elliott Waves form triangle patterns. They are all part of corrective waves (Ex: Wave 2, Wave 4, or A and C Waves in a A, B, C wave).
There is usually very little volume and volatility during the pattern.
Within these ABCDE waves are 3 sub-waves, so there are 15 sub-waves in a ABCDE triangle.
How to profit:
Go long after Wave D on a bullish trend, when it breaks out from the triangle. Set stop loss slightly below D.
Go long after Wave E breaks the trend line. The trend line will be the support. Use other TA indicators for exits.
Links: https://www.tradingism.com/trade-abcde-elliot-wave-triangle-setup/
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