Here I'm sharing some knowledge about correction ABC by Elliot wave theory ( zigzag , running flat, expanded and regular) + about projections by fib ext.
Please comment if you have any questions guys, if you agree or not, I'll love to hear from ya!
Best of luck!
We may delins as well with a leading diagonal to the downside, the overlapping what made me think about it... we are still waiting to reveal what is coming, and to understand better our trading... be patient, I know I am ;)
Here we are!
patient has paid off, now I will try to understand if this move will end here or will continue and turd out as an impulse...
I will keep you updated...
Within parallel channels and the converging lines of diagonal triangles, if a fifth wave approaches its upper trendline on declining volume, it is an indication that the end of the wave will meet or fall short of it. If volume is heavy as the fifth wave approaches its upper trendline, it indicates a possible penetration of the upper line, which Elliott called "throw-over