How to Trade Ending Diagonal: EURUSD
One of my favorite EW patterns: Ending Diagonal
It usually appears in wave C or 5, we have wave C
It consists of five waves and each of them are three waves
All looks good as wave 5 is over wave 3 and Ending diagonal might be completed
as EWO oscillator already shows Bearish Divergence between wave 3 and 5
This educational post to show trade setup on this pattern
The bottom of wave b in wave 5 is a breakdown trigger (blue) as it means wave 5 is over
Confirmation is on breakdown of wave 4 (orange)
Target is at the start of the Ending Diagonal (green)
Bonus track:
One could consider sell on 61.8% Fib retracement as we see the first impulse down
and now we watch this two-legged pullback.
It usually appears in wave C or 5, we have wave C
It consists of five waves and each of them are three waves
All looks good as wave 5 is over wave 3 and Ending diagonal might be completed
as EWO oscillator already shows Bearish Divergence between wave 3 and 5
This educational post to show trade setup on this pattern
The bottom of wave b in wave 5 is a breakdown trigger (blue) as it means wave 5 is over
Confirmation is on breakdown of wave 4 (orange)
Target is at the start of the Ending Diagonal (green)
Bonus track:
One could consider sell on 61.8% Fib retracement as we see the first impulse down
and now we watch this two-legged pullback.
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.