Depending on the degree the recent correction refers to, we could have it completed or still undergoing.
It looks to me the degree is the same of the one verified in the presidential elections phase, and if that's the case, the recent correction would be too shallow, therefore, in order for the correction to be deeper, we would need an expanded flat or a double zigzag.
As I think the Trump's phase correction was a double zigzag, the alternation guideline would suggest we would now have a sideways pattern, hence the flat. The expanded mode would be needed in order to take price much deeper.
It looks to me the degree is the same of the one verified in the presidential elections phase, and if that's the case, the recent correction would be too shallow, therefore, in order for the correction to be deeper, we would need an expanded flat or a double zigzag.
As I think the Trump's phase correction was a double zigzag, the alternation guideline would suggest we would now have a sideways pattern, hence the flat. The expanded mode would be needed in order to take price much deeper.
