Joseph_King

Crude Oil Elliot Wave Idea

TVC:USOIL   CFDs on WTI Crude Oil
Closer look at "running flat" from this idea >
Bulkowski states that "A flat is a term used for any ABC correction that has 3-3-5 subwaves. A running flat (or any flat for that matter) must have the 3-3-5 configuration."

As shown in the chart there appears to be ABC for leg A, ABC for leg B, followed by 5 waves in leg C which fits with 3-3-5 configuration mentioned above.

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