


Rules: Flats are always a 3 wave structure. Structure = 3-3-5 Wave A is a three wave pattern and never a Triangle. Wave B is subdivided into a three wave pattern. Wave B retraces to at least 105% of Wave A & typically up to the 138.2%. Wave C does not go beyond Wave A and is "Truncated". Wave C always subdivide into 5 wave structures: a Diagonal or an Impulse...
We are looking for a 127.2 % which will now give us a valid D leg completion of the bullish Gartley pattern.
Wave B = 50%, 61.8%, 76.4% or 85.4% of wave A • Wave C = 61.8%, 100%, or 123.6% of wave A • If wave C = 161.8% of wave A, wave C can be a wave 3 of a 5 waves impulse. Thus, one way to label between ABC and impulse is whether the third swing has extension or not C=61.8% =1.2398 C=100 % =1.2322 C=138.2 % =1.2246 C=168.2 % = 1.2198
Wave 2 is 50%, 61.8%, 76.4%, or 85.4% of wave 1 • Wave 3 is 161.8%, 200%, 261.8%, or 323.6% of wave 1-2 • Wave 4 is 14.6%, 23.6%, or 38.2% of wave 3 but no more than 50% • There are three different ways to measure wave 5. First, wave 5 is 61.8%, 100%, or 123.6% of wave 1. Second, wave 5 can be measured as 23.6%, 50%, or 61.8% external retracement of wave 4....
A = C LEG Zigzag is a corrective 3 waves structure labelled as ABC • Subdivision of wave A and C is 5 waves, either impulse or diagonal • Wave B can be any corrective structure • Zigzag is a 5-3-5 structure Fibonacci Ratio Relationship • Wave B = 50%, 61.8%, 76.4% or 85.4% of wave A • Wave C = 61.8%, 100%, or 123.6% of wave A • If wave C = 161.8% of wave A, wave...
Wave X = 50%, 61.8%, 76.4%, or 85.4% of wave W • Wave Y = 61.8%, 100%, or 123.6% of wave W • Wave Y can not pass 161.8% of wave W Wave Z = 61.8%, 100%, or 123.6% of wave W • Wave Y can not pass 161.8% of wave W or it can become an impulsive wave 3
Expanded flat pattern B=127.2 % of A leg =1.2241 perfect price to sell short position