Clarification on leading diagonal pattern - NZDJPY Daily TF
I would like to have suggestion from others about this chart for my own learning purpose.
Here I see a leading diagonal pattern which can be formed potentially at: W1 or WA of Zigzag
In either case, the next move up does not have the personality of corrective wave.
From the formation of Zigzag perspective, it can be formed at:
W2 or W4 or WB or WX of double zigzag or WX of triple zigzag
W2 and W4 - eliminated as the personally of the current waver seems to be impulsive.
That leaves to WX of double zigzag or triple zigzag.
Appreciate your thoughts on this.
Here I see a leading diagonal pattern which can be formed potentially at: W1 or WA of Zigzag
In either case, the next move up does not have the personality of corrective wave.
From the formation of Zigzag perspective, it can be formed at:
W2 or W4 or WB or WX of double zigzag or WX of triple zigzag
W2 and W4 - eliminated as the personally of the current waver seems to be impulsive.
That leaves to WX of double zigzag or triple zigzag.
Appreciate your thoughts on this.