medium · Elliott Wave Theory
Which of the following is a key diagnostic 'pitfall' when identifying Leading Diagonals?
- Over-using the pattern to explain away choppy or ambiguous price action that is actually corrective.
- Misidentifying the internal structure as 3-3-3-3-3 instead of 5-3-5-3-5.
- Requiring the trendlines to converge.
- Failing to realize that Wave 3 must be the shortest wave.
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