Yes ending diagonal my bad. Its my prefered setup at the moment but i have a few conditions for it
1. Ending diagonal must end at/around all time lows
2. A clear level of support/res in ending diagonal to base entry off
3. A higher high and low after ending diagonal break
4. Volume increase
I don't buy into these before the ending diagonal break, i might reconsider in a better market but i just dont think the risk/reward is there.
After my entry at the higher low, its all about monitoring the price to determine whether the stock is correcting the downtrend its in (ABC correction wave) or the start of a new up trend (5 wave impluse)
APX was a good example of how powerfful this setup can be.
A few im looking at:
EMH is very early on... but others look ok. The backtest of the ending diagonal is the important part
