7pasos

Odd but yet possible leading diagonal

FX:USDCAD   U.S. Dollar/Canadian Dollar
243 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.
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