Diagonal triangle? Of course traders could mistake it as a regular correction pattern; IT IS NOT a correction pattern, it’s a motive wave but NOT impulsive, when a wave is an impulse it’s a pick up line for a consistent trend and direction believed 75% but what and how should the data price be presented in the chart when the motive is 50% even 35% of course it won’t be written in chart as impulse movement, it’ll be a motion step of unbelief till entirely believed in a “Diagonal” triangle; which causes the third motion of that trend very or evenly spiky.
What is a diagonal pattern in a motion wave?
This is a motive pattern that is not IMPULSE! A psychology behavioral amongst human about what direction they aren’t so sure about. It occurs more often in wave 1 of 5, in this same trend during wave 3 most times or wave 5 sometimes the direction will be proven right and drastic movement often kicks in