Long

Updated

Lesser Degree- Possibility of inverted flat (3-3-5)

As shown on this chart,

lesser degree: is a combination of a zigzag and a flat ( 2 sub-waves ,3-3 structure),

As you know, corrective waves typically consist of 3 sub-waves (5-3-5 or 3-3-5).

So, what might this be?

Possibility of inverted flat

Looking at it from a different angle (alternative wave count)

Wave structure as a tool for verifying wave counts

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Forgot to Say :

If wave C > 123.6% of wave A, wave C can be a wave 3 of a larger degree.

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Related publications

Wave structure as a tool for verifying wave counts

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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.

Also on:

Related publications

Wave structure as a tool for verifying wave counts

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.