On the updated count of EURUSD we see price trading in a possible zig-zag correction of a higher degree, with waves A and B already completed. Current bullish rally is part of wave C, that may see more gains in sessions ahead, ideally towards the upper channel line. At the moment we see price trading at the beginning of final sub-wave 5).
Thanks a lot for your Wave count. I totally agree with your approch!
Could you help me with waves count between red lines?
I understood and agree with Wave B ( (A)-(B)-(C) ).
But I can't get your wave (1) and this zone betwwen red lines. After Wave (1) - everything is clear.
ew-forecast
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Hello @Guerrera, Wave (1) is labeled as an Leading diagonal.
The leading diagonal triangle, or wedge as many call it, is a narrowing price move composed of two converging trendlines occurring in a wave 1 position of impulses or wave A position of zigzags.
Elliott_Wave_Count
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@ew-forecast, thanks, I understood. My experience was not enough to define a such difficuilt example of leading diagonal. Thanks!