Experimental analysis with the intention to follow back later on as I am still learning
The pattern is a flat
The B wave is considered a very strong B wave since it touches the 1.618 of wave A, which tells me that wave C will never break the low of wave A.
The pattern in wave C looks to be a symmetrical with only an I wave left to complete.
After the completion of the symmetrical pattern, we should see a move faster than wave F.
The flat wave can be part of a larger pattern or can be the first leg of a complex correction with an X wave.
The pattern is a flat
The B wave is considered a very strong B wave since it touches the 1.618 of wave A, which tells me that wave C will never break the low of wave A.
The pattern in wave C looks to be a symmetrical with only an I wave left to complete.
After the completion of the symmetrical pattern, we should see a move faster than wave F.
The flat wave can be part of a larger pattern or can be the first leg of a complex correction with an X wave.
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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.