Wave (4) is getting close to wave (1) and can actually encroach into wave (1) in an Ending Diagonal.
Note
An Ending Diagonal really should be made up of 5 ABCs.Note
Correction: This is a leading Diagonal wave 1 of 5. The implication is a very deep wave 2 correction.Note
Note
Note
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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.