Diagonal Rules Flashcards
(30 cards)
Diagonal
Valid structures for W1 in LD?
Impulse or LD.
Diagonal
Valid structure for W1 in ED?
Must be a ZZ family pattern.
Diagonal
Which corrective pattern is forbidden in W2 DIA?
TRI
Diagonal
W2’s price constraint
Must be < W1 by price
Diagonal
DIA: Required structure for W3 in LD
Always an Impulse
Diagonal
Required structure for W3 in ED?
Must be a ZZ family pattern.
Diagonal
W3’s price requirement
Must be > W2 by price.
Diagonal
Allowed patterns for W4?
Any corrective pattern.
Diagonal
Required structure for W5 in LD?
Impulse or ED.
Diagonal
Required structure for W5 in ED?
Must be a ZZ family pattern.
Diagonal
Restriction for W5 in LD:
If W1 is LD, W5 cannot be ED.
Diagonal
Overlap rule for W2 and W4:
They must overlap or be within 10% of W3’s length.
Diagonal
Time constraint for W4:
Must be between 10% and 10x the duration of W2.
Diagonal
W5’s price requirement vs. W4:
Must be ≥80% of W4 by price.
Diagonal
W5’s price constraint vs. W1 and W3:
W5 must be < W3 by price.
Diagonal
W5’s length rule:
W5 is never the longest wave compared to W1 and W3.
Diagonal
What defines the channel lines in a Diagonal?
Must converge, slope in the same direction, and never be horizontal.
Diagonal
W5’s position relative to the channel lines:
W5 must stay within the channel lines or be within 10% of gross movement.
Diagonal
Intersection of channel lines:
Must be beyond the end of the pattern.
Diagonal
Maximum prediction for channel line intersection:
Up to 4 pattern lengths into the future.
Diagonal
W3’s rule vs. W1 and W5:
W3 must not be shorter than both W1 and W5.
Diagonal
Minimum and maximum time for W5:
≥10% of W4 and ≤5x W3.
Diagonal
W5’s minimum time constraint:
≥10% of W4’s time.
Diagonal
W5’s maximum time constraint:
≤5x W3’s time.