A rare leading diagonal in USOIL, more upside on EUR bounce

FX:UKOIL   CFDs on Crude Oil (Brent)
Good morning all,

We may have a pleasure to observe a good quality leading diagonal in USOIL             , which is a relatively rare pattern.
Leading diagonals appear in wave 1 or wave A position in impulses or corrective stuctures, and consist of 5 overlapping waves all of the waves being zigzags (sometimes waves 1-3-5 are impulses).

Leading diagonals are usually deeply retraced, but once retraced, the advance resumes.

With Brent forming this structure and WTI showing good signs of a developing impulse I see this structure as a good start for an uptrend.

Waiting for a bounce in EUR to support this move up.

Retrace seems done.
I think its duble zigzag in wave of v (c) and now we in wave of v
Aren't leading diagonals still 5,3,5,3,5 structures, just overlapping? I believe that is the distinction between ending vs. leading
AndyM NickCoulby
both ending and leading diagonals are 3-3-3-3-3, but leading can sometimes be 5-3-5-3-5
Thanks for clearing that discretion up for me!
Ah, well I was always in doubt with that one. :)
It can be wave and of iv zigzag. How do you think?
Nice one.
AndyM IvanLabrie
Cheaper GBPUSD incoming.
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
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