theroadtoprofit

TEXTBOOK Ending Expanding Diagonal

Short
TVC:USOIL   CFDs on WTI Crude Oil
Dino juice looking like a page out of an Elliot Wave Theory textbook. All rules have been illustrated to be present and not broken.
This is probably the most extensive analysis I've done so I would love to hear any feedback. Always do your own due diligence.

Supposedly these patterns are "extremely rare"..

Ending expanding diagonal

Rules (these are “hard” rules; they cannot be broken)

A diagonal triangle always subdivides into five waves.
An ending diagonal always appears as wave 5 of an impulse or wave C of a zigzag or flat.
Waves 1, 2,3, 4 and 5 of an ending diagonal always subdivide into zigzags.
In the expanding variety, wave 3 is always longer than wave 1, wave 4 is always longer than wave 2, and wave 5 is always longer than wave 3.
In the expanding variety, wave 5 always ends beyond the end of wave 3.


Guidelines (guidelines can be broken but it’s rare that they are)

Within an impulse, wave 5 is unlikely to be a diagonal triangle if wave 3 is not extended.
In the expanding variety, wave 5 usually ends slightly before reaching a line that connects the ends of waves 1 and 3.

source: worldcyclesinstitute...-expanding-diagonal/
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