Ending diagonals are terminal patterns. They occur at the end of a move, either in wave 5 or C.
Ending diagonals take a wedge shape within two converging trendlines, the pattern is complete when there are five subwaves inside it, see pattern.
Each subwave should be in three, however, it has come to light that there is a variation of this pattern in which the first wave is not in three but in five, see chart.
Wave (i) is in five waves [i,ii,iii,iv,v] intead of the normal three wave pattern. It seems this is the same pattern currently unfolding on the FTSE 100.
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Thursday, November 26, 2009
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ReplyDeleteSean Rushforth