The ideal diagonal would consist of five waves. Each wave of the three waves to the downside would be smaller than the previous alternating wave. The alternating waves of the 5 wave move are waves 1, ...

Diagonal patterns are simple technical patterns that offer tight zones of entry and exit. Many times, the risk-to-reward ratio of the diagonal pattern will better than the 1-to-2 ratio that we suggest ...

In this article, we want to show you how powerful can an ending diagonal be, also known as a wedge pattern. In conventional technical analysis, they call it “wedge”. In Elliott Wave analysis we call ...

Today we sit down with Elliott Wave International's Futures Junctures Editor and Senior Tutorial Instructor Jeffrey Kennedy to discuss his favorite wave pattern of all: the diagonal. EWI: You say if ...

On December 2nd, we wrote that GBP/USD was set for a sustained rally in 2026. And while the pair gained more than 660 pips and is still up since then, we’re no longer that bullish. The reason for this ...

The current Elliott Wave for US Dollar Index appears to be a terminal wave. We are anticipating a US Dollar reversal below 96.03. The US Dollar rally that began in February 2018 appears to be nearing ...

EURUSD likely completed an ending diagonal pattern last week near 1.1631. The short-term trend now points downward. The next downside targets are 1.1065, and possibly 1.0733. Starting from the May 12 ...