Ending Diagonal? What is this? - EWM Interactive
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Ending Diagonal? What is this? - EWM Interactive
In conventional technical analysis they call it "wedge". In Elliott Wave analysis we call it "ending diagonal". Both terms imply for a reversal ahead.
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This chart showcases an Ending Diagonal pattern, analyzed using Elliott Wave Theory: The structure shows five waves (I, II, III, IV, and V). Wave V is completing near the upper trendline. The Maturity Trendline suggests that the price may reverse soon. Ending Diagonal often signals a trend reversal or strong correction ahead. Traders should monitor for a breakout below the trendline for confirmation. #ElliottWave #EndingDiagonal #TechnicalAnalysis #StockMarket #ChartKingz
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