GKP

Looks like an inside bar formation today, could be the bottom of a trend or continuation after pause for breath!

Interesting to see which direction it takes.

screencast.com/t/vmsxnZDOC

Hope the file works as I'm a bit out of touch

Tom aka MD

Could I ask what an Ending diagonal is..how its recognized and what it generally means... I am getting the hints but a clear definition would be great.

An ending diagonal is constructed of 3 sub-waves of lesser degree, 5 times, and only occurs in wave 5's. These, and leading diagonals, found in wave 1's, are the only instances where a wave 4 can overlap a wave 1, but wave 3 still cannot be the shortest wave. There will be a divergence in the RSI to confirm the wave 5 and the sub-wave 5. If this doesn't exist you will probably find the structure is an ABC and not an ending diagonal.

Eddie, I found this link with example diagrams showing wave and subwave counts useful ')
thepatternsite.com/EWDiagTriangle.html

What first attracted me to Remo's mousekateers,was his simple and straightforward approach to trading xstrata and as a result my view is to keep it all as simple as possible in order to avoid any self knot tying antics.

Apologies Slow Eddie, I hadn't realised just how confusing my reply was until pointed out by Count.

Thank you Count for posting the link to the Pattern Site: it is extremely useful for checking all kinds of structures.