Attack a wave with leading diagonal!! ~ "Elliott Wave" that even beginners can understand

Last time we explained the basics of Elliott Wave as a starting point.

This time, we will explain “how to attack Wave 1” and “Leading Diagonal.”

First of allCharacteristics of Wave 1.

Wave 1 is composed of five waves. (This means there are five internal waves. If you don’t understand it well, you can skip it for now. You’ll gradually remember it by feel.)
It may not be a normal impulsive waveLeading Diagonalinstead.

Leading Diagonal…?

That sounds like a difficult term… but it isn’t difficult at all.
Look at the figure below.
If you roughly draw lines like this,
“Huh, it kind of looks triangular…’you’ll start to see it.
It’s not a matter of absolute certainty; it’s just a matter of prediction.
If you trade by making fixed assumptions, it will lead to trouble (lol).
Here, we’ll briefly explain Leading Diagonal.

Rules of Leading Diagonal

It may appear as Wave 1 or Wave A.
This is important.Once you remember this, the rest becomes easier.
Because once you understand Wave 1 or Wave A, you can predict the next move, and then aim for Wave 3 or Wave C, so when this pattern appears,“Temporary bonus”is a good way to think about it.
Wave 4 intrudes on the peak of Wave 1.
It may feel confusing—the scene moves up (or down) while prices are heavy at the top (support at the bottom), and you’re not sure what to do?

In such a case, try drawing the lines.

If it vaguely forms a triangle, doubt the possibility of a Leading Diagonal. If that’s the result, that’s a chance.
＊Leading Diagonaland one moreEnding Diagonalexists.

Ending Diagonal appears in Wave 5 or Wave C.
I’ll write about that next time.

How to plan Wave 1 and how to attack

Wave 1 is often seen as merely a pushback (retracement) phase.
Basically, Wave 1 is to observe and do nothing. Being a spectator is best.
As you become advanced and rulers of the count, you’ll be able to aim from the bottom (or top) of Wave 1, but it’s quite difficult.
Although written in a complicated way, the point isto just observe for now.
In market aphorism“Give up your head and tail”is how you should proceed.
Treat Wave 1 as the head.

Practical points

◆ Diagonal Collapse
If the upper (or lower) bound of the line is broken upward with a relatively large bullish candle, the price tends to extend strongly in the upward direction.
This is a pattern break. It tends to extend, so it’s a big opportunity.