CNX MIDCAP 100 Elliot Wave Analysis
Nifty MidCap 100 IndexNSE
Description
⋅ Flat Correction labelled as A-B-C structure
Since the final wave of a flat subdivides into fives waves.
In flats, waves A & B are never triangles & rarely flats.
Wave B usually retraces at least 90% of wave A.
There are 3 types of flats: regular, expanded, & running.
The most common type of flat is the expanded flat.
NSE:CNXMIDCAP