Diagonal Triangle
{image = diagonal_tri}
(Elliott Wave) This is a five-wave pattern in which the waves are constructed of three waves. The pattern emerges normally between two rising (or falling) converging lines, though they can be parallel.
(b) Diagonal Triangle at Wave 5
Sometimes, the momentum at Wave 5 is so weak that the 2nd and 4th sub-waves overlap with each other and evolved into diagonal triangle.
(c) 5th Wave Failure ...
Within parallel channels and the converging lines of diagonal triangles, if a fifth wave approaches its upper trendline on declining volume, it is an indication that the end of the wave will meet or fall short of it.
Ending Diagonal Triangle Elliott Wave Pattern
ETFs Explained
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Eve & Adam Double Bottoms
Eve and Adam Double Tops
Eve and Eve Double Bottoms
Eve and Eve Double Tops
Evening Doji Star
Evening Star ...
The bullish February 15 forecast was based strictly on the Elliott wave pattern you see in the chart above. The converging trendlines labeled (i)-(ii)-(iii)-(iv)-(v) mark an ending diagonal triangle, which only forms when the trend gets exhausted, ...
Wave 3 need not be the longest wave but it may not be the shortest of the three impulse waves, namely waves 1, 3 and 5;
Wave 4 may not penetrate the price territory of wave 1, except when wave 4 is a diagonal triangle.
 See also: Market, Diagonal, Chart, Elliott Wave, Wave
  
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