In a previous post we discussed the Broadening Top Pattern and it's specific characteristics .. this pattern can be considered as an Expanding Triangle .. 

In this post we will discuss the Contracting Triangle from an  Elliott Wave  perspective starting with the correct way to count waves then, how to project it's profit target .. understanding these types of price action really can make a difference because during that time you will find every trader around you is asking others searching for the " Guru Analyst " who can help him and till him what to do .. !! 

Be your own analyst by learning your self and i promise you that you will reach your goals ..