The ending diagonal pattern is one of my favorite Elliott Wave patterns. It offers defined risk and focused rewards typically yielding excellent risk:reward ratios.
As you can see from the chart above, this ending diagonal is counted to finish at least 3 degrees of trend ('C' wave could also be the ending a multiple zig zag making it 4 degrees of trend).
A break of Friday's low of 2.1405 builds the case a top is in. The conservative target on this is the origination of the diagonal pattern at 2.08. Since this is an ending wave at multiple degrees, lower potential exists to at least 1.94.
As you can see from the chart above, this ending diagonal is counted to finish at least 3 degrees of trend ('C' wave could also be the ending a multiple zig zag making it 4 degrees of trend).
A break of Friday's low of 2.1405 builds the case a top is in. The conservative target on this is the origination of the diagonal pattern at 2.08. Since this is an ending wave at multiple degrees, lower potential exists to at least 1.94.
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إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.
Test your Elliott Wave readiness.
Free assessment + bonus training videos customized to your score:
qwiz.seethewaves.com/ewreadiness/p/tv1
Free assessment + bonus training videos customized to your score:
qwiz.seethewaves.com/ewreadiness/p/tv1
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.