Dormat

ETH - Alternate EW Count leading diagonal to more downside?

BINANCE:ETHUSDT   Ethereum / TetherUS
A lot of charts with ending diagonals stating the end of a bear market, or the bottom of wave B. While I hope that's the case, don't be surprised if it dumps. I didn't draw all of the ABC points in the diagonal to keep the chart clean but I think they are pretty obvious, and wave 3 in the triangle also is the longest to comply with EW.

Also, I'm pretty sure ending diagonals are not found in Wave B so there is that.

If it goes above the top of Wave 1 to the left then the idea is invalidated. If it is an ending diagonal signaling a reversal up then wave 3 should have no problem pushing through the wave 1 origination number.
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.