7pasos

Odd but yet possible leading diagonal

FX:USDCAD   U.S. Dollar / Canadian Dollar
245 0 0
The leading diagonal is perhaps the most unstudied pattern under the elliott wave principle. Elliott never had a chance to see a diagonal big enough as to determine if all the patterns inside must be zigzags or only corrective ones, and under the leading diagonal the mistery is yet greater.
Some recognized elliottist (under the classical aproach) define it as a 5 wave structures with its motive parts composed by zigzags, but some times an impulse had been accepted as one of its motive components mostly as wave 3.
Under this case we have a bit less heretical exemplary because even when this is an expanded leading diagonal (even more rare) and starts some what odd, at the end every one of its components are zigzags or combinations of zigzags.
The wave 1)) is perhaps the most tricky, because is formed by a combo of zigzags, instead of a simple one and here resides mostly the odd behavior. And even when this is not a single zigzag , we most recognize that the principle under it has not changed.
Starting from this point the rest of the pattern falls by itself in place.
English
English (UK)
English (IN)
Deutsch
Français
Español
Italiano
Polski
Türkçe
Русский
Português
Bahasa Indonesia
Bahasa Melayu
ภาษาไทย
Tiếng Việt
日本語
한국어
简体
台灣
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