Terminal Pattern (old Elliott Wave term was Diagonal)

---

NEoWave Definition

A Terminal is a Pattern that occurs solely at the end of a larger trend and signals extreme exhaustion. Once complete, they produce violent counter-trend action.

These always occur at the END of a major advance or decline on the time frame being analyzed. They produce violent, counter-trend behavior that quickly retraces the entire structure and more, over time.

NEoWave Association

Glenn Neely explains that Terminals often reflect:

• exhaustion,
• emotional extremes.

In NEoWave, a Terminal must satisfy very specific structural conditions before being considered valid. Glenn repeatedly warns against labeling overlapping price action as a Terminal without confirming price/time/complexity relationships, overlap between waves-2 & 4 (required) and other demands.