The Equal Legs is a term used in the technical analysis to indicate that the magnitude of a movement is equal to another movement joined by a correction. It is represented as follows:
Where the magnitude of the swing A is equal in magnitude to the swing C (A = C) and B is the correction.
This method is widely used in Elliott Waves identifying targets or ending cycles and usually a very powerful tool if it used the right way. Here are some examples to further explain the concept of the equal legs.
GBPUSD 8H Equal legs
GBPCHF 8H
EURJPY Weekly
What do you think about the equal legs power?
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