12345 elliott waves
Note
It,s leading expanding diagonal patternNote
The main rules for a leading diagonalThis pattern subdivides into 5 waves.
Wave 2 never ends beyond the starting point of wave 1.
Wave 3 always breaks the ending point of wave 1.
Wave 4 usually breaks beyond the ending point of wave 1.
Wave 5 in the absolute majority of cases breaks the ending point of wave 3.
Wave 3 can't be the shortest.
Wave 2 can't be a triangle or a triple three structure.
Waves 1, 3 and 5 can be formed like impulses or zigzags.
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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.