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Ending Diagonal

XAUUSD Ending Diagonal at Fibonacci ResistanceEnding Diagonal An ending diagonal is a special type of wave that occurs primarily in the fifth wave position at times when the preceding move has gone "too far too fast," as Elliott put it. A very small percentage of ending diagonals appear in the C wave position of A-B- C formations. In double or triple threes , they appear only as the final "C" wave. In all cases, they are found at the termination points of larger patterns, indicating exhaustion of the larger movement. Ending diagonals take a wedge shape within two converging lines, with each subwave, including waves 1, 3 and 5, subdividing into a "three," which is otherwise a corrective wave phenomenon.
OANDA:XAUUSDEducation
by CryptoTrend-Alerts
UK100 buy setupHi Guys, this looks like a good idea for a buy. Watch for the break of the flag and use a tested strategy to trade it. Your strategy should have the entry, stops, and target so don't take the trade if you don't have one. Trading without a tested (by you) strategy is like driving without licenses, you will get into trouble or worst can happen. Using your friend driver's licenses is not the solution, you don't have his experience. Trade with care Thank you for your support.
OANDA:UK100GBPLong
by Luvolwethu
EW - Ending Diagonal? Elliott Wave, RSI and fibonacci analyse by Nestay High odds that we have an ending diagonal in play here. As expected in my previous ideas the last 1.5 years the 4K zone was the bottom of this bear market and this rally confirms it. We have seen five impulses up since 3400 USD that brought us a beautiful parabollic run. We broke out of the accumulation wedge with a 1K candle, re-accumulated around 5200 and a got a strong rally that gave us a gain of 180% in less than 5 months. It was worth the patience right?
BITMEX:XBT
by nestay
6
BTCUSD - Ending Diagonal TriangleIs this the correction everybody is looking for? The best pattern I can put together to make their wishes come true is an Ending Diagonal Triangle. Inside the triangle there is supposed to be a 5 wave count that I won't attempt to draw. Suffice it to say it should touch the top line of the triangle one more time before heading lower. Then perhaps an A B C pattern out the bottom of the triangle maybe with wave B touching the underside of the triangle before continuing to point C. If this does play out then I would have to guess that point C would touch on or near the multi-year trend line on the chart (baby blue line) There is much support building around this area. By this time all of the oversold indicators will have calmed down and the Perma-Bears will be calling for $1,200 to $3,000 again. (lol) But instead we get a 12G rocket shot off the blue line and continue our journey to the moon. If any or all of this plays out as I have described I will try not to break my arm patting myself on the back. Otherwise I will just keep my mouth shut. :0) I'm still long and will remain so even if I do try to scalp a few bucks at the top of the triangle. Win or lose, 80% of my long position is staying in cold storage and will not be available for trading. Good luck everybody. Next week, and the new month, should prove to be very interesting. For more information on the Ending Diagonal Triangle pattern see: thepatternsite.com If you think this idea has any chance at all to play out as described remember to hit the thumbs up button. Thanks!
COINBASE:BTCUSDLong
by BitcoinBearSlayer
Gold Wave Analysis Multiple Trading OpportunitiesGold is in the middle of a corrective structure. The structure is still forming and it is not yet clear if it is a variation of a Flat pattern or a zig zag. It is clear that price will make an initial sell off to retest the low of the A wave support, then it will either push to the blue box to finish the corrective structure forming a zig zag or it will push back up towards the resistance of the B wave to form a Flat pattern then push lower. After price reach the blue box I am looking for a very strong Impulse wave to finish the Bullish trend
FX_IDC:XAUUSD
by JjohnsonBeGreat
EW ANALYSIS: EURCAD Just Started A Three-Wave CorrectionHello traders! Today we will talk about EURCAD! Well, looking at the 4-hour chart, it's trading impulsively bearish, but in the last couple of weeks price has slowed down, which gave us an idea of a completed five-wave drop, where fifth wave was an ending diagonal. regardin EW, when ending diagonals fully complete, usually sharp and impulsive reversals occur and seems like it's just happening! That said, we believe that EURCAD may start recovering into a bigger three-wave A-B-C correction, so watch out for more upside here back to 1.5220 – 1.5300 resistance area, where bears may show up again! If from any reason goes higher or more complex, we remain bearish as long as it's trading below 1.5640 invalidation area! Disclosure: Please be informed that information we provide is NOT a trading recommendation or investment advice. All of our work is for educational purposes only.
by ew-forecast
1