Education series 1 : Ending Diagonal

Hello traders,

I will start publishing some education charts for those who face some difficulties in applying Eliotte wave.

I chose to start with ending diagonal because it's one of my favorite patterns. especially when it come as wave C in zigzag pattern
As you see in the chart, when you start recognize formation of ED, it's good to start watching this stock or pair and start looking for buying or selling opportunity depending on it's location. When you find an ED in the market you may start making position after the formation of wave 5 especially when it come to the end of the wedge. Your first target will be wave 2 and second and most like target is the start of the ED

wish this was useful for you, and I will keep posting regarding ED for the next few days

Thanks and Regards