salvanost

carefull bulls, possible flat correction

Short
OANDA:XAUUSD   Gold Spot / U.S. Dollar
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.
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