Likely completed 3-3-5 correction from ATH, but Does the bounce from 7.47 to 8.71 qualify as a leading diagonal? Hard to tell if they are all zig Zags or not on the 5 & 15min tf. Looking very bullish on longer timeframes. Failed to tap median line of the Andrews' pitchfork and upper warning line is now shown as support. Tapped the bottom of the channel in the final impulse down. Daily rsi breakout from trendline and multiple bull divs. Bull div on weekly and monthly rsi. You would think it would just be another sideways correction before more continuation but imo difficult to rule out a leading diag on the 5 or 15m from 7.47 to 8.71. If not, can someone explain how this is an extended 5th? Wave 5 cannot exceed length of 3 at 4.15.
Comment:
I dont think my count is right so other perspectives would be appreciated
Trade active:
Many thanks to Deus and veejahbee for insights on possible counts. Completed 5th ending diag within a larger leading diag from 22 down. ~14 target expecting 3 wave structure coming back up to complete B in 2-3 months. ibb.co/1qwR4zJ
