New high of brent

FX:UKOIL   CFDs on Crude Oil (Brent)
Targets at the bottom closed.
Possible beginning of a new trend upward in a wave 3 (or C).
Nice bounce and go to the new high:
Go according to plan:
plahotya plahotya
coolingla plahotya

Your wave (iv) on April 1st overlaps wave (i). I don't think that's allowed?

plahotya coolingla
This is acceptable and even necessary. Because it is divergent wedge.
And diverging wedge can only be in the first wave of impulse or wave A in A-B-C.
coolingla plahotya
Oh, glad to know that. I read Prechter's book from cover to cover and this has never being mentioned.

I always feel like there are some unanswered questions in Prechter's book. Can you recommend a good book then?

Appreciate your work so far. You pretty much nailed it.
plahotya coolingla
Prechter's book very good.
This link Prechter meets one Russian trader about the Divergent wedge:
coolingla plahotya
Much thanks indeed!
plahotya coolingla
You welcome. I hope this count will find a logical conclusion in 5-7 days at levels 62-63. If it really divergent wedge as I expect. :)
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