explain Diagonal from free forex signals the best forex signals provider
Although diagonal and impulse waves are both motive waves, diagonals differ significantly from  impulse waves in that they follow the first two rules but not the third rule about wave 4 never entering in the price Âterritory of wave 1. In a diagonal, in fact, wave 4 almost always enters in the price territory of wave 1. A diagonal is typically contracting but, in rare occasions,
expanding. In the contracting variety, wave 3 is shorter than wave 1, wave 5 is shorter than wave 3, and wave 4 is shorter than wave 2. In the expanding variety, wave 3 is longer than wave 1, wave 5 is longer than wave 3, and wave 4 is longer than wave 2. Since expanding diagonals are so infrequent, we will confine the rest of our discussion to the contracting variety.
Ending Diagonal and forex trading signals details
The guidelines for entry and initial protective stops
for ending diagonals are similar to those for impulse
waves: Wait for a break of the extreme of wave 4 before
taking a position, and place the initial protective stop at the extreme of the price move .
Remember, these entry techniques demonstrate a
conservative approach that I think of as “ready, aim,
The protective stop under this aggressive entry technique would be the point at which wave 5 becomes longer than wave 3, since the Wave Principle identifies that as a specific point of
invalidation
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