PlannedTrades
Long

Five Wave Sequence Complete

FX:USDCHF   U.S. Dollar / Swiss Franc
57 2 0
Looking to get long once the (B) wave nears completion. I don't think this up move was a wave (1). I think it is a wave (A) within a larger (X-wave) zigzag up.
Saw the Ending Diagonal and was also wondering if a Wave 1 or corrective.
Have you ever seen a ED in a trend change or wave 5 of 1 ?
I don't think it is a possibility, except in an A or a wave 1 or 5 ?
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PlannedTrades dojitrader
Good point! I was just going over the preceding price action, and am now thinking that this entire rally was merely wave (C) of an expanded flat - instead of an (A) wave of a zigzag - hence the ending diagonal... in which case I am not thinking of going long anymore. I think the final bottom will come sometime in the 1st quarter of next year.

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