medium · Elliott Wave Theory motive
A currency pair displays a converging wedge structure at a potential market bottom. Sub-waves 1, 3, and 5 are found to have 5-wave impulse internal structures on lower time frames. Wave 4 overlaps Wave 1.
What is the correct classification?
- Leading Diagonal (Type 2)
- Ending Diagonal
- Simple Impulse
- Contracting Triangle
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