Ending Diagonal ending now or later . . . ?
Questioning the end of this ED since the hallmark of such a pattern is
that each leg subdivides into 3 waves. The 1st and 2nd leg are obvious,
but, the potential 3 - 4 -5 are difficult to subdivide with clarity like the first
2 waves. IF - you count 3-4-5 as the subdivision then we need 2 more
waves to finish this off and hopefully give us the other hallmark
of an ED: that being 5th wave throw over of the top trend line.
Thankfully it is Friday and I no longer place trades to hold over
the weekend. (tough lesson learned)
I don't have to decide until next weeks open.
(As I write I see that this now has the look of collapse
another hallmark of an ED top)
Food for weekend thought . . .. have a good one !
that each leg subdivides into 3 waves. The 1st and 2nd leg are obvious,
but, the potential 3 - 4 -5 are difficult to subdivide with clarity like the first
2 waves. IF - you count 3-4-5 as the subdivision then we need 2 more
waves to finish this off and hopefully give us the other hallmark
of an ED: that being 5th wave throw over of the top trend line.
Thankfully it is Friday and I no longer place trades to hold over
the weekend. (tough lesson learned)
I don't have to decide until next weeks open.
(As I write I see that this now has the look of collapse
another hallmark of an ED top)
Food for weekend thought . . .. have a good one !
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