Diagonal Triangles Type 2

Unlike diagonal triangles which are ending patterns, Diagaonal triangles type 2 are found in the A wave or in wave1. Again waves 1 and 4 overlap, however this time, the subdivisions are 5-3-5-3-5. They connote “continuation”, and are often the beginning of a long move. Below

Is an example of a Diagaonl Type 2 in the beginning of the 3^rd wave.

Below are two example, both in the Australian Dollar, which is the reason we are so bullish on it. The first occurs at the beginning of wave 1 of the 5^th, the second begins the 3^rd of the 5^th.