ETH - Alternate EW Count leading diagonal to more downside?
A lot of charts with ending diagonals stating the end of a bear market, or the bottom of wave B. While I hope that's the case, don't be surprised if it dumps. I didn't draw all of the ABC points in the diagonal to keep the chart clean but I think they are pretty obvious, and wave 3 in the triangle also is the longest to comply with EW.
Also, I'm pretty sure ending diagonals are not found in Wave B so there is that.
If it goes above the top of Wave 1 to the left then the idea is invalidated. If it is an ending diagonal signaling a reversal up then wave 3 should have no problem pushing through the wave 1 origination number.
Also, I'm pretty sure ending diagonals are not found in Wave B so there is that.
If it goes above the top of Wave 1 to the left then the idea is invalidated. If it is an ending diagonal signaling a reversal up then wave 3 should have no problem pushing through the wave 1 origination number.