7pasos
Long

Elliott wave ending diagonal for EURUSD?

FX:EURUSD   Euro/U.S. Dollar
262 2 0
After the largest decline for a day that i remember in the last months i had to get back to my drawing table to figure out what was going on and I came up with this idea: An ending diagonal for v movement.
That should explain the clear fives and the then not so clear relation between each other as impulse.
The only thing that make me feel unconfortable in this count is that if the movement is an ending diagonal the most common behavior will be 1)) penetrated by 4)) but if this happend should be an expanding diagonal and thats a very much rare structure, (at least in this degree, because is less rare in very short timeframes).
I forgot to tell you this was no a trade but as i was wrong (even when i recognized at time that the pattern was very rare) marked as closed loss (because no neutral deactivate button exist)
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As today minimum beyond 2)) wave show us the correction belongs to a larger degree
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