Ending Diagonals

Structure (3-3-3-3-3)

Endingd Diagonal Structure

Retracement within the diagonal


In the diagram below, you will see three possible entry points (A-C) where the pattern has been confirmed and which can be used as the location for a trade. The placement of the stop loss reflects the Elliott Wave rule that wave 2 can never retace more than the origin of wave 1, so if the labeling is correct and W5 is in fact finished, the trade will be profitable. Each entry point, point has it benefits and drawbacks. is

Trading an Ending Diagonal Ending Diagonal