Waves Personality (2)
Hi everyone,
As you can see in the chart, Wave B= 123.6% of wave A, as a result: What you have encountered, is a Running Flat (or Expanded Flat),
In yesterday's update, I indicated that a continuation of the rally would likely result in the 37k (approximately)(Running Flat, wave C= 61.8% – 100% of wave AB) . It did..
Expanded Flat scenario is shown in the chart,
Appendix
Ending diagonal is usually characterized by overlapping wave 1 and 4 .
Wave B= 123.6% of wave A:
As you can see in the chart, Wave B= 123.6% of wave A, as a result: What you have encountered, is a Running Flat (or Expanded Flat),
In yesterday's update, I indicated that a continuation of the rally would likely result in the 37k (approximately)(Running Flat, wave C= 61.8% – 100% of wave AB) . It did..
Expanded Flat scenario is shown in the chart,
Appendix
Ending diagonal is usually characterized by overlapping wave 1 and 4 .
Wave B= 123.6% of wave A:
Note
Note
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Note
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Related publications
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.