Definitions for "Diagonal Triangle"
(Elliott Wave) This is a five-wave pattern in which the waves are constructed of three waves. The pattern emerges normally between two rising (or falling) converging lines, though they can be parallel. It is most commonly found in wave 5 positions, but can also occur in wave A or wave C. In classic technical analysis it is called a wedge.
a motive pattern yet not an impulse, as it has one or two corrective characteristics
an impulsive pattern, yet not an impulse, as it has one or two corrective characteristics