An ascending diagonal triangle is a bearish sign and is usually followed by a sharp drop in prices, at least to the level where the triangle started. Fifth wave lengthening, truncated fifth wave, final diagonal triangle - all these patterns contain the same fact: an upcoming impressive change of direction. The sign of the overlap of waves 1 and 4 and the convergence of the wedge-shaped forming lines remain the same as in the final triangle. However, the subdivision into waves is different, drawing a 5-3-5-5-3-5 pattern.
The bottom for the pattern of in the short term figure is 0.082 EUR or 0,088 USD.
Good luck in your trading and have a massive profit.
The bottom for the pattern of in the short term figure is 0.082 EUR or 0,088 USD.
Good luck in your trading and have a massive profit.
