A double three elliott wave combination(WXY) containing a barrier triangle (a-b-c-d-e) and a flat (3-3-5).
Wave C of the flat is the biggest and most complex to achieve a type of alternation.
An ending diagonal always appears as wave 5 of an impulse or wave C of a zigzag or flat.
In this case wave C looks like a diagonal.
Target for wave C: .5 fib.
Wave C of the flat is the biggest and most complex to achieve a type of alternation.
An ending diagonal always appears as wave 5 of an impulse or wave C of a zigzag or flat.
In this case wave C looks like a diagonal.
Target for wave C: .5 fib.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.