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Elliottwavecorrection

[EW COURSE] FLAT CORRECTIONTYPES FLAT CORRECTION WAVES: There are three predominant types of flat corrective waves. These include: Expanded flat: This is arguably the most common flat wave formation and occurs in the second and fourth wave of an impulse wave. What connects the expanded wave to the initial impulse wave is a zigzag or other types of triple or double connection. In a bullish market, the price of the underlying asset moves against the trend to form a 3-wave shape. In an expanded flat wave, wave B also appears in a 3-wave structure and goes beyond the start of wave A, while wave C extends beyond the end of wave A. The expanded wave is also known as an irregular flat although this term can be misleading as the expanded wave appears more often than other types of waves. Regular flat: In a regular flat correction, wave B ends slightly at the start of the wave A while wave C ends just beyond the end of wave A. Running flat: A running flat wave is a 3-3-5 wave. Here, wave B terminates past the start of A wave and C stops almost close to the end of wave A. The formation of a running flat is quite rare. The difference between the expanded flat and the running flat is the point at which wave C stops. In an expanded flat, Wave C ends beyond the end of wave A. All in all, each type of corrective flat is essentially an ABC wave with a 3-3-5 sub-waves or configuration. It is also important to note that these types of corrective flats go against the trend of the impulse wave, one degree higher. Thank you for your support! HARMONIC CORRELATION
Education
by TheAnonymousBanker
17
i Love Gold Trading is like the story of the famous hollywood movie "life of pi". Crossing the sea on lifeboat with a hungry tiger. It's possible if you have "knowledge and courage". I decided to shrink myself into a small room with opening a personal blog where I wish to meet ONLY Gold Lovers. You can reach to my my web space by typing www.iLoveGold.net Again it's too late to publish another idea. I am too lazy to do it. When switched to swing trade, I feel more relaxed and enjoying the rest of the time into further activities. There is no commercial interest behind my personal web space. It would be a light house for every ship who pass by. I wish to share the most appropriate Elliott wave analysis on gold which filtered from divergence trade strategy. Where we reach gold this year? I expect this to reach 1050 by end of this year once again. Where we go from here? We are in a big Samosa, it's a tasty snack shaped like Triangle. Triangles are boring because it's consolidation method just to waste time. Most probably we break down. How should I determine when we come out of Triangle? Many of the analysis are very good in finding direction and they are succeeded many time in it. But it's only few to analysis Price over "Time". To be a great swing trader we need to know the Price over Time. You need to know what is "Zero Sum Game". To measure time you need to use Fib analysis and Fib time tools. Learn about it I took the short entry from here to wards 1198. I am expecting the next swing should be bear with No mercy :) Let me share few chart ideas hidden in this swing Bearish Butterfly - Harmonic pattern + Broken TL Testing Aggressive C wave - Elliotwave pattern The great Samosa - Consolidation pattern Gartley - Supports to consider Harmonic pattern Chypher - Harmonic pattern Shark - Harmonic pattern Bullish Butterfly - Harmonic pattern. 5th wave, Ending diagonal
FX:XAUUSD
by VRShaiju
2
GOLD Shark patternHi traders, Here we have a bullish shark pattern. Price has completed the C leg which validates a potential bullish shark pattern. It could complete at the 88.6% retracement, or extend to the latter PRZ. I will update this idea as the price nears the PRZ level. Like and follow if you wish to continue seeing my trading ideas, I primarily post to help people with their trading. So, please like and follow to motivate me to continue posting profitable ideas. Best regards, Tom_Killick
FX:XAGUSDLong
by TomProTrader
16