Flat Correction into Impulse Waves
Updated
Last Friday Flat Correction structure was about finishing up and into it's first impulse waves.
1st Wave is finished followed by a correction wave 2, which has a triangle looking patterns A-B-C-D-E.
After correction we all can anticipate another impulse into number 3.
Do allow the market to play out being this is not an easy structure to perceive being that a lot of people are only looking at imaginary support and resistance zones which don't exist in the forex market, only psychologically.
Happy Hunting.
1st Wave is finished followed by a correction wave 2, which has a triangle looking patterns A-B-C-D-E.
After correction we all can anticipate another impulse into number 3.
Do allow the market to play out being this is not an easy structure to perceive being that a lot of people are only looking at imaginary support and resistance zones which don't exist in the forex market, only psychologically.
Happy Hunting.
Note
After letting the market play out, this structure does not have the impulses I was expecting, but instead, I'm noticing there are multiple corrective structures stringed together forming a much bigger corrective structure, either a bigger Flat correction, or a start of a bigger Termination Triangle Pattern being that we are at the end of a weekly structureNote
This is still a correction, do not consider this a reversal or bullish action, but more of a bigger correction structure that is building up within a bearish weekly structure
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