Wave counts & targets for expanded flat correction consideration

May 11, 2018

There are numerous wave counts for the recent correction. Many traders are all viewing it with different perspective and counts. One of the count that I think is quite possible, is the expanded flat where corrective wave B positions higher than the wave 5. Usually for this type of correction, the waves tend to form 3-3-5 instead of 5-3-5 zigzag structure. The structure can be considered as extended correction as long as wave B is less than 1.382 of wave A. If we get extended sub-wave 5, we are most likely to reach $8,200~$8,300.

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May 12, 2018

Note

For the expanded flat correction, we usually target wave C by extending wave A by 1.618 on the start of wave b. In this case it would be $8,100

May 12, 2018

Note

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