Wave counts & targets for expanded flat correction consideration

١١ مايو ٢٠١٨

There are numerous wave counts for the recent correction. Many traders are all viewing it with different perspective and counts. One of the count that I think is quite possible, is the expanded flat where corrective wave B positions higher than the wave 5. Usually for this type of correction, the waves tend to form 3-3-5 instead of 5-3-5 zigzag structure. The structure can be considered as extended correction as long as wave B is less than 1.382 of wave A. If we get extended sub-wave 5, we are most likely to reach $8,200~$8,300.

If you like my posts, please press thumbs-up button and follow me.
It really encourages me to share my TAs with you guys for free.

١٢ مايو ٢٠١٨

ملاحظة

For the expanded flat correction, we usually target wave C by extending wave A by 1.618 on the start of wave b. In this case it would be $8,100

١٢ مايو ٢٠١٨

ملاحظة

Let me share an educational post with you guys.