Reading Time: 2 minutesGBP/JPY Ending Diagonal – One of the Most Reliable Trading Patterns What’s up traders! 🚀 In today’s Short Learn, we’re diving into a powerful setup on GBP/JPY—the Ending Diagonal, also known in traditional technical analysis as a Rising Wedge pattern. When analyzed correctly, this formation stands out as one of the most reliable trading patterns[More…]
Dissecting The All Too Famous Zig-Zag Pattern
A zigzag in a bull market is a simple three-wave declining pattern labeled A-B-C. The wave sequence is 5-3-5.
- A three wave move in Wave A, signals a flat or triangle for Wave B
- A triangle always occurs in a position prior to the final wave
- Wave C is the final wave in the sequence