Diagonal
Diagonal in Elliott Wave Theory: A motive pattern with overlapping waves that forms a wedge shape. Leading diagonals appear in Wave 1 or Wave A position; ending diagonals appear in Wave 5 or Wave C position. Both subdivide into five waves.
What Diagonal Means
A motive pattern with overlapping waves that forms a wedge shape. Leading diagonals appear in Wave 1 or Wave A position; ending diagonals appear in Wave 5 or Wave C position. Both subdivide into five waves.
An ending diagonal in Wave 5 shows converging trendlines with each sub-wave being a three-wave structure, signaling the final exhaustion of the trend.
Where You'll See It
Diagonal appears regularly in Artavest's weekly wave-count analysis across 108 US stocks and ETFs. It's part of the pattern family of Elliott Wave concepts and shows up most often when analysts are identifying a specific wave pattern (diagonal, ending diagonal, leading diagonal, triangle subtype, etc.).
- → Elliott Wave Theory Guide — the 5-3 pattern, rules, Fibonacci, wave degrees
- → Elliott Wave Cheat Sheet — the 3 absolute rules and 6 Fibonacci relationships
- → Our Methodology — how Artavest analysts count waves on 108 US instruments