Using Ending Diagonals to Trade Swift and Sharp Reversals
A swift and sharp reversal follows an ending diagonal—and that is what makes it an excellent trade setup.
Trading an Ending Diagonal in the Dow (DJIA)
If there is one Elliott wave pattern to get excited about trading, it’s an ending diagonal. This pattern is rare in markets, and novice analysts tend to anticipate diagonals far too often. The pattern allows for tight stop placement, so that errors are not costly. This terminating pattern shows up in the fifth-wave position of impulse waves and in the wave C position of A-B-C formations. Once an ending diagonal terminates, get ready for ...
Get Visual Guide to Elliott Wave Trading now with the O’Reilly learning platform.
O’Reilly members experience books, live events, courses curated by job role, and more from O’Reilly and nearly 200 top publishers.
