Another example of a flat pullback
Continue further upside
Comment:
Btw, to may of traders, unfamiliar with the Elliott wave theory, the term flat and what is actually shown on the chart, maybe confusing, first of all, because the last move is twice longer of wave E and is not “flat” at all :)
This is, as Balan calls it, a type of “irregular”, but it is flat. The key is in its internal structure, having 3-3-5 waves
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.
This is, as Balan calls it, a type of “irregular”, but it is flat. The key is in its internal structure, having 3-3-5 waves