I have adjusted the wave count here. The waves fit the rules and guidelines of an expanding leading diagonal.
Each wave is longer than the previous. 3 is longer than 1 and 5 is longer than 3.
According to AriasWave there is no such thing as a triple zig zag plus we have also seen waves 1 and 2 before the diagonal.
Leading diagonals usually have deep retracements and we have seen it hit .886.
A break of 28,055 would invalidate this idea.
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Each wave is longer than the previous. 3 is longer than 1 and 5 is longer than 3.
According to AriasWave there is no such thing as a triple zig zag plus we have also seen waves 1 and 2 before the diagonal.
Leading diagonals usually have deep retracements and we have seen it hit .886.
A break of 28,055 would invalidate this idea.
Please LIKE and FOLLOW to get notification of updates and future posts.
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Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.