Ending Diagonal
GOLD Futures: Still in Ending DiagonalI Think this is the end of Wave 3.
Pattern: EWT Ending Diagonal.
This is not a trading advice.
XAUUSD Ending Diagonal at Fibonacci ResistanceEnding Diagonal
An ending diagonal is a special type of wave that occurs primarily in the fifth wave position at times when the preceding move has gone "too far too fast," as Elliott put it. A very small percentage of ending diagonals appear in the C wave position of A-B- C formations. In double or triple threes , they appear only as the final "C" wave. In all cases, they are found at the termination points of larger patterns, indicating exhaustion of the larger movement.
Ending diagonals take a wedge shape within two converging lines, with each subwave, including waves 1, 3 and 5, subdividing into a "three," which is otherwise a corrective wave phenomenon.
NIO bullish forecast/guess for Thur/FridayWave 5 of 5 ends in an ending diagonal. bullish prediction for Thursday & Friday this week.
France40 short term buy setup BEFORE SellHi Guys the FR40 is finally completing the B wave of a bigger flat correction, I have been tracking it for a while , I am anticipating it to break the top before a reversal to the downside.
*Wait for flag then sell the breakout once the trend is broken.
Trade with care
Thank you for your support
EURAUD Ending DiagonalThe EURAUD seems to be making an ending diagonal. One more wave up to end the 5th before the BIG DOWN MOVE begins .
If this proved right then i'll be selling on the break out of the diagonal. Wait for a flag on lower degree for buy.
*For the Sell I would for conformation of a break out of the diagonal and a correction.
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LINK Short Swing Trade: Triangle break + EWShorting this ending 5th wave diagonal. Target is a strong support and 0.618 fib level. Pretty ideal setup here. Already dropping down as I write this.
(Click and drag the price to scroll on chart)
Sell: 0.00016900
Rebuy: 0.000157
Stop: 0.00071
Enjoy!
Please don't forget to leave a like!
See also: ONE trade (AMA with chainlink tomorrow) ;)
UK100 buy setupHi Guys, this looks like a good idea for a buy. Watch for the break of the flag and use a tested strategy to trade it. Your strategy should have the entry, stops, and target so don't take the trade if you don't have one. Trading without a tested (by you) strategy is like driving without licenses, you will get into trouble or worst can happen. Using your friend driver's licenses is not the solution, you don't have his experience.
Trade with care
Thank you for your support.
EURNZD corrective structure I am expecting more upside to complete the 5th wave in an expanding ending diagonal ( yes one more never-ending diagonal ). If you didn't catch any of the up move don't worry, the trade you don't want to miss is the sell !!. Buying on pullback on 60 mins is a good idea. I will be keeping a close eye on this one.
Trade with care
Thank you for your support.
its not an impulse wavehi . nzdusd h1 is in wave 3 of ending diagonal . its tricky to catch this wave . be carefull
A Great opportunity to SHORT XAUUSDAn ending diagonal looks very clear in the chart of XAUUSD with a strong bearish divergence. At it maximum it can only give an overthrow to the upside but still after that it will fall....... So please don't miss this opportunity
EW - Ending Diagonal? Elliott Wave, RSI and fibonacci analyse by Nestay
High odds that we have an ending diagonal in play here. As expected in my previous ideas the last 1.5 years the 4K zone was the bottom of this bear market and this rally confirms it. We have seen five impulses up since 3400 USD that brought us a beautiful parabollic run. We broke out of the accumulation wedge with a 1K candle, re-accumulated around 5200 and a got a strong rally that gave us a gain of 180% in less than 5 months. It was worth the patience right?
BTCUSD - Ending Diagonal TriangleIs this the correction everybody is looking for? The best pattern I can put together to make their wishes come true is an Ending Diagonal Triangle. Inside the triangle there is supposed to be a 5 wave count that I won't attempt to draw. Suffice it to say it should touch the top line of the triangle one more time before heading lower. Then perhaps an A B C pattern out the bottom of the triangle maybe with wave B touching the underside of the triangle before continuing to point C. If this does play out then I would have to guess that point C would touch on or near the multi-year trend line on the chart (baby blue line) There is much support building around this area. By this time all of the oversold indicators will have calmed down and the Perma-Bears will be calling for $1,200 to $3,000 again. (lol) But instead we get a 12G rocket shot off the blue line and continue our journey to the moon.
If any or all of this plays out as I have described I will try not to break my arm patting myself on the back. Otherwise I will just keep my mouth shut. :0)
I'm still long and will remain so even if I do try to scalp a few bucks at the top of the triangle. Win or lose, 80% of my long position is staying in cold storage and will not be available for trading.
Good luck everybody. Next week, and the new month, should prove to be very interesting.
For more information on the Ending Diagonal Triangle pattern see: thepatternsite.com
If you think this idea has any chance at all to play out as described remember to hit the thumbs up button.
Thanks!
Understanding Corrective Waves - Part II - 03Understanding Corrective Waves - Part II - Triangles and Trading Setups
Diagonal triangles.
SIGNAL OF THE DAY: Make 50 % ROE on CELRBTC on Binance!CELRBTC on Binance in major good shape! We are most likely on the C-Wave. We have a 5th Wave ending Diagonal and are about to Booom!
Remember Money Management, Risk Management and PUT THAT STOP LOSS!
D4
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USD/CAD WAVE ANALYSIS POTENTIAL BUY SET UPWatch for price to push higher towards the Blue box if we break through the orange box which is a supply zone. I believe we have a completed 3 wave structure as well and we are gearing up for a Impulsive Bullish wave
GBP/USD Wave Analysis Buy Set UpLook for a potential breakout to the upside to start a big Bullish trend
DJI Ending 5th wave DiagonalDisclaimer - This is not financial advice and I am not responsible for any losses you may incur. This is only for research and educational purposes.
Gold Wave Analysis Multiple Trading OpportunitiesGold is in the middle of a corrective structure. The structure is still forming and it is not yet clear if it is a variation of a Flat pattern or a zig zag. It is clear that price will make an initial sell off to retest the low of the A wave support, then it will either push to the blue box to finish the corrective structure forming a zig zag or it will push back up towards the resistance of the B wave to form a Flat pattern then push lower. After price reach the blue box I am looking for a very strong Impulse wave to finish the Bullish trend
EURUSD Swing Trade IdeaWe see here two ending diagonals overlapping and coinciding with the 61.8 retracement in a larger timeframe of the bullish impulse.
We should expect price to go up, and we should take partial profits whenever price reaches wave 2 of each ending diagonal.
Axis Bank: Short Set up.Axis Bank seem to have completed a wave move on monthly charts. Wave 2 is a flat and wave 4 is a traingle. Wave 5 is an ending diagonal pattern. The upside looks near to complete. One can take short position now and add on every rise with a closing stop loss of 770. Expect a decent correction in axis bank in coming weeks and months.
