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Topstock27
Jul 30, 2019 11:22 PM

Ending diagonal 5th wave 

GOLD / U.S. DOLLARICE

Description

Completed 4th wave and now heading up for 5th wave of ending diagonal
Comments
cozzamara
Following my previous comment please find below a snapshot which may be supportive of your view for an ending diagonal.
cozzamara
Nice work. Hope you don't mind me sharing a structure that highlight the divergence with RSI between wave 3 and 5 which is a condition of the link you shared in Gold Chatroom regarding ending diagonal: "Finally the fifth wave of a bullish market ending diagonal will have a lower momentum reading such as on a RSI indicator where it will be showing some divergence compared to the wave three". Tx for sharing.

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