This expanding leading diagonal is the only bearish motive count still possible, as an alternate to the various bullish corrective possibilities:
- Flat;
- Triangle;
- Triple zigzag.
I don't favor the possibility of the market being already in a bullish motive mode, because it seems to me the overall correction needs more time to meet degree criteria.
Needless to say that an expanding leading diagonal would have very serious implications, as it would be the first leg only of a huge zigzag or even of an impulse.
- Flat;
- Triangle;
- Triple zigzag.
I don't favor the possibility of the market being already in a bullish motive mode, because it seems to me the overall correction needs more time to meet degree criteria.
Needless to say that an expanding leading diagonal would have very serious implications, as it would be the first leg only of a huge zigzag or even of an impulse.
