Termination Diagonal Triangles: An Introduction

The Termination Diagonal Triangle is a pattern that terminates trends and is the most common wedge. It is found in fifth-wave positions most often so they are viewed as impulse waves. But you will learn later that they can end corrective patterns as well. They complete a larger trend, and to really understand the internals of these patterns you need to study the basic corrective waves that follow in Chapter 3. So we will only take a quick look at the basic structure now and the message the pattern will carry. Then after we discuss corrections, I will be able to offer you a far more meaningful discussion in Chapter 4 when we have the tools needed to develop a deeper understanding.

The Termination ...

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