user100000
Long

Leading diagonal; Wave (1)

BITSTAMP:BTCUSD   Bitcoin / Dollar
Wave 1 seems to have a three wave structure so it makes sense that a diagonal may be developing for wave (1). Each successive wave will be larger than the previous wave if this is an expanding diagonal. So Wave 3 will be greater than 1 and wave 5 will be larger than 3

Of course, the fibs will have to be adjusted to match the actual market price levels
The leading diagonal triangle has rules that govern its shape.

The subwave action usually follows two converging trendlines.
Subwave four often overlaps subwave 1.
The subwave count is 5-3-5-3-5.
The leading diagonal triangle usually occurs as part of wave one of impulses or wave A of zigzags.
Reply
*Leading* diagonal CAN'T have zigzags as waves 1,3,5
Reply
(2) will only retrace .382 - .5. :-)
Reply
United States
United Kingdom
India
Deutschland
France
España
Italia
Polska
Türkiye
Россия
Brasil
Indonesia
Malaysia
ประเทศไทย
Việt Nam
日本
한국
简体
繁體
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out