medium · Elliott Wave Theory

A motive wave on a 1-hour chart has a converging wedge shape, and Wave 4 overlaps the peak of Wave 1.

If all internal sub-waves (1, 3, 5) have 5 waves each, what is this pattern?

  1. Simple Impulse
  2. Ending Diagonal
  3. Double Zigzag
  4. Leading Diagonal (Type 2)

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