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, ...

Potential Target: $6,521 – the beginning of the diagonal pattern, with potentially lower levels. Wave Count: Completed ending diagonal and 5-wave rally since April 2025. On February 17, S&P 500 ...

Add articles to your saved list and come back to them anytime. Diagonal patterns are simple technical patterns that offer tight zones of entry and exit. Many times, the risk-to-reward ratio of the ...

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 ...