BrashMeans – Stock Analysis and Training Videos › Forums › Motive Waves › Diagonals › Ending Diagonal

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    • An Ending Diagonal Explained
      Here are some examples of ending diagonals in different markets and time frames:
      • Figure 1 shows an ending diagonal as the fifth wave of an impulse wave in the S&P 500 index in October 2017. Notice the wedge shape, the overlap of the first and the fourth subwaves, and the throw-over of the fifth subwave. After the ending diagonal, the index reversed sharply to the downside.
      • Figure 2 shows an ending diagonal as the C wave of an A-B-C correction in the EUR/USD currency pair in March 2015. Notice the wedge shape, the overlap of the first and the fourth subwaves, and the throw-under of the fifth subwave. After the ending diagonal, the pair reversed sharply to the upside.
      • Figure 3 shows an ending diagonal as the fifth wave of an impulse wave in the gold price in August 2011. Notice the wedge shape, the overlap of the first and the fourth subwaves, and the throw-over of the fifth subwave. After the ending diagonal, the price reversed sharply to the downside.
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    • Expanding Diagonal
      Expanding Ending DiagonalIn the expanding variety, wave 5 always ends beyond the end of wave 3.
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