We have discussed about double combination binary trading strategies in earlier
articles, we it comes to using corrective waves in technical chart analysis. We
have also discussed how beneficial they are for the traders in making lucrative trades.
There is another form of combination strategy and origins from the family of double
combination that istriple combination it shows even more powerful use of
corrective waves.
Why triple combination is a powerfultrading strategy for making trading decisions in Binary options? It
is justbecause the price of an assetwastesmost of its time in consolidation and the analysis
of the triple
combination helps to show where the price will break out and this
will help traders toknow which side of the market they want to be on.
But before traders get too excited about this, remember this
is one of the most difficult and complex patterns contained in Elliot’s wave
theory which is used in trading.
The Triple combination patterns are best used when picking
out the contracting triangle at the end of eachtrade. What makes these
combinations difficult to understand and use in such a way that they do not
always end by forming a contracting triangle. They sometimes end with forming flat
trends or zigzag trends, so traders should always keep an eye on this.
The triple combination pattern helps traders to trade by
giving them clues about volatility of price will end. For some time it lookslike
the price move is channeling everything too well. Even though there are signs
of a perfect channel, it will not always showthat there are impetuous move if
the inner corrections are the same. Once the traders have the confirmation of
the triangle trading strategy, then the corrective move is analyzed and identified
and traders take them into consideration for trading.
This is the process how a triple combination trading strategy works and traders should
be very careful when use it. As it is already said above, it is one of the most
powerful Binary trading options strategies
which traders use to make a successful trade. Understand more such strategies with
Secured Options which will help you in making successful and profitable trades
in Binary options.
