Diagonal Triangle

Diagonal – also known as a Diagonal Triangle (Leading LD and Ending ED):

A Diagonal is a common 5-wave motive pattern labelled 1-2-3-4-5 that moves with the larger trend. Diagonals move within two contracting channel lines drawn from waves 1 to 3, and from waves 2 to 4. There exist two types of Diagonals: Leading Diagonals (LD) and Ending Diagonals(ED). They have a different internal structure and are seen in different positions within the larger degree pattern. Ending Diagonals are much more common than Leading Diagonals.  Diagonals must move within two contracting channel lines Channel lines must converge, slope in the same direction and not be horizontal. 1)Wave 1 of a LD is either an IM or a LD 2)Wave 1 of an ED is a Zigzag, Double or Triple Zigzag. 3)Wave 2 may be any corrective pattern except a Triangle. 4)Wave 2 is never longer than Wave 1 by price. 5)Wave 3 of a LD must be an IM. 6)Wave 3 of an ED is a Zigzag, Double or Triple Zigzag. 7)Wave 3 is always greater than Wave 2 by price. 8)Wave 4 may be any corrective pattern. 9)Waves 2 and 4 must overlap. 10)Wave 5 of an ED is a Zigzag, Double or Triple Zigzag. 11)Wave 5 of a LD is either an IM or ED. 12)Wave 3 must not be shorter by price than both Waves 1 and 5 13)Wave 5 must be more than 50% of Wave 4 by price. 14)Wave 5 is never the longest by price when compared with Wave 1 and Wave 3. 15)Wave 5 is never longer than Wave 3 by price.