An Ending Diagonal Triangle trading pattern suggests that the two-month rally in the U.S. Dollar Index is poised to end, according to MacNeil Curry, head of foreign-exchange and interest-rates ...
GBP/USD, Daily A Diagonal is a common 5-wave motive pattern labeled 1-2-3-4-5 that moves with the larger trend. Diagonals move within two contracting channel lines drawn from waves 1 to 3, and from ...
This “stop-n-go” type behaviour (breakout attempts being sold and shallow dips being bought) can be indicative of an Ending Diagonal Triangle (EDT) 5th wave, which are notorious for breaking down ...