Leading Diagonal on Elliott Wave. Wave 1 is 1.618 of Wave 3. Wave 4 crossed over into Wave 1. Because Wave 3 cannot be the shortest of the impulse waves (1, 3, and 5), Wave 5 needs to reverse at or below the length of Wave 3.
Note
elliottwave-forecast.com/elliott-wave-theory/Link to reference.
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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.