Hi Traders,
I am an Elliot Wave trader, I believe we are in a huge expanded flat pattern in the weekly timeframe. Flat patterns consist of 3 waves (ABC) with the last wave appearing as an impulse or a 5-move wave. I have identified the January 2022 to be the beginning of the corrective Wave 2 (a smaller expanded flat pattern in the daily timeframe)
I am longing this wave C of the 2nd wave corrective.
Take care traders! Let me know if you have questions.
I am an Elliot Wave trader, I believe we are in a huge expanded flat pattern in the weekly timeframe. Flat patterns consist of 3 waves (ABC) with the last wave appearing as an impulse or a 5-move wave. I have identified the January 2022 to be the beginning of the corrective Wave 2 (a smaller expanded flat pattern in the daily timeframe)
I am longing this wave C of the 2nd wave corrective.
Take care traders! Let me know if you have questions.
Note
This could turn out to be a running flat pattern as well, with a minimum wave C retracement of 0.618 (36517)Always take profit.
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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.