EXPANDED / IRREGULAR FLAT CORRECTIONHello Friends,
Here we had shared some major points and characteristics of Expanded Flat Correction also known as Irregular Flat Correction in Elliott waves.
Principles of Irregular / Expanded Flat correction pattern
1) 3 waves corrective pattern which is labelled as A-B-C
2) Subdivision of wave A and B are in 3-3 waves
3) Subdivision of wave C is in 5 waves
4) Wave B of the 3-3-5 pattern completes beyond the starting level of wave A
5) Wave C completes beyond the ending level of wave A
Fibonacci measurements
Wave B is always 123.6% to 138.2% of measurement of wave A
Wave C completes at least 123.6% to 161.8% of wave A which starts from end of wave B
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My studies are for educational purpose only.
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I am not responsible for any kinds of your profits and your losses.
Hope this post is helpful to community
Thanks
RK💕
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Disclaimer and Risk Warning.
The analysis and discussion provided on in.tradingview.com is intended for educational purposes only and should not be relied upon for trading decisions. RK_Charts is not an investment adviser and the information provided here should not be taken as professional investment advice. Before buying or selling any investments, securities, or precious metals, it is recommended that you conduct your own due diligence. RK_Charts does not share in your profits and will not take responsibility for any losses you may incur. So Please Consult your financial advisor before trading or investing.
Irregular_correction
WaveTalks: Nifty-Irregular Triangle: ( Stops Above 17890 )Stops Above 17890 - Target 17750 / 17675 / 17550-17575 - Irregular Triangle could be unfolding next. Thanks
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Snapshot Taken at 09:37 Hrs / 6th Oct2021 - Last Leg Pending downside which might complete the corrections
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Last Idea - Buying Gartley Pattern in 17450-17475 zone - Target 17740
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GBPUSD WAVE ANALYSIS 23 AUG 19Hello friends,
Brexit matters are hard hitting for sterling. As per Wave analysis we can clearly see still Sterling trading on irregular corrective structure. I am expecting one more wave downside upto 1.1900 handle is possible.
Nifty Elliott wave analysis(weekly) for 17th to 21st Dec 2018This sharp decline from 10941 to 10334 is seems like personality of wave C. And recovery towards 10941 after that sharp fall is also indicating that it might be an irregular correction pattern was completed from 10645-10440(as A), 10440-10941(as B) and 10941-10334(as C).
As per this wave count 10974-11126 is the minimum target range, even if wave started from 10004 is corrective. As of now we should not be concern whether its ABC or 123.
