Are we in wave 3 or wave C now. If we get a strong move below 1.6900, this would be a sign we will see strong move to the downside. Stops above 1.7170.
I'd have to do some research but, I'll bet on a C wave.
I'm thinking that a reversal move rarely, if ever, begins
with a leading diagonal ? Are you aware of such statistics ?
Best wishes for your trades !!!!!
traderWgun
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No I'm not aware of such stats. But the most important wave in a new impulse is wave 3. everything else is 2nd nature. But there is a chance that a top is in place
alternatively we are in a extended wave 5 and are in wave 3 of 5.