BTC: Ending Diagonal - Target: $50k
An ending diagonal occurs primarily in the fifth wave position at times when the preceding move has gone “too far too fast,” as Elliott put it. They are found at the termination points of larger patterns, indicating exhaustion of the larger movement.
Note
price not following pace, consider invalidated
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.