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Flatpattern

EXPANDED FLAT PATTERN : Elliott Wave theory ( Elliott BABA)A corrective 3 waves move labelled as ABC • Subdivision of wave A and B is in 3 waves • Subdivision of wave C is in 5 waves impulse / diagonal • Subdivision of wave A and B can be in any corrective 3 waves structure including zigzag, flat, double three, triple three • Wave B of the 3-3-5 pattern terminates beyond the starting level of wave A • Wave C ends substantially beyond the ending level of wave A Fibonacci Ratio Relationship • Wave B = 123.6% of wave A • Wave C = 123.6% – 161.8% of wave AB
OANDA:XAUUSD
by Elliottbaba
running flat CorrectionThe running flat has a three-wave structure, labeled A-B-C. Waves A and B consist of three waves. Wave B travels to a new extreme, exceeding the starting point of wave A of the pattern. And here comes the major difference between the two flat corrections. In an expanding flat, wave C travels beyond the starting point of wave B. Within the running type, it does not. In other words, a running flat wave C is not going to reach the termination point of wave A. Read more at: ewminteractive.com
BITFINEX:BTCUSDLong
by TheMannyFraser