Non-overlapping Wave – Bullish

Concept: Definedge

There is a clear structure to the price pattern based on non-overlapping waves.

This pattern consists of waves 1,3 and 5 that are bullish columns of ‘X’. In this pattern, wave 4 does not overlap wave 2.

In wave 5, a bullish double top buy pattern is formed, which triggers this pattern.

It is a bullish pattern with a strong trending price structure.