Bitcoinتعليم
Continuing expanded flat correction
تم تحديثه
The Expanded Flat is a common corrective structure seen in wave 2 and 4 of a Motive Wave, the connector in a Zig Zag or any part of a Double or Triple Correction.
In a bullish trend scenario price moves against the trend lower in a 3 wave structure to form wave A.
Wave B also is a 3 wave structure and advances beyond the origin of wave A to an extension most commonly 123.6% of wave A. The invalidation level for the completion of wave B is above 161.8% of wave A.
Wave C needs to be a 5 wave (Motive Wave ) structure and hold RSI divergence between wave 3 and 5 at completion. Common area’s for completion of wave C lie at the 100% & 123.6% extension of wave A projected from the end of wave B with invalidation being beyond the 161.8% extension. If wave C ends before making a new low below wave A the structure is called a Running Flat.
elliottwave-forecast.com/elliottwave/the-elliott-wave-expanded-flat-correction/
In a bullish trend scenario price moves against the trend lower in a 3 wave structure to form wave A.
Wave B also is a 3 wave structure and advances beyond the origin of wave A to an extension most commonly 123.6% of wave A. The invalidation level for the completion of wave B is above 161.8% of wave A.
Wave C needs to be a 5 wave (Motive Wave ) structure and hold RSI divergence between wave 3 and 5 at completion. Common area’s for completion of wave C lie at the 100% & 123.6% extension of wave A projected from the end of wave B with invalidation being beyond the 161.8% extension. If wave C ends before making a new low below wave A the structure is called a Running Flat.
elliottwave-forecast.com/elliottwave/the-elliott-wave-expanded-flat-correction/
ملاحظة
Seems invalidated:
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.