carefull bulls, possible flat correction
come on gold... why you like flat correction that much
Running flat Elliott wave correction.
A running flat correction subdivides into 3-3-5 internal wave pattern.
Wave 'B' breaks the beginning of wave 'A'.
Waves C tends towards 100% the length of wave A and will not break the low of wave 'A'.
The running flat correction wave can appear in any corrective position.
Again, a trader can use the starting point of wave 'a' to enter a trade, with the aim of catching the market as it re-enters the trend move again.
Running flat Elliott wave correction.
A running flat correction subdivides into 3-3-5 internal wave pattern.
Wave 'B' breaks the beginning of wave 'A'.
Waves C tends towards 100% the length of wave A and will not break the low of wave 'A'.
The running flat correction wave can appear in any corrective position.
Again, a trader can use the starting point of wave 'a' to enter a trade, with the aim of catching the market as it re-enters the trend move again.