Currently, the main scenario is "Bullish Flag", but we can not exclude other variants as a corrective flat correction.
This is just an option for now and we have to wait for confirmation of the formation.
The FLAT correction differs from the zigzag in that the sequence of its sub-waves is 3-3-5.
Since the first active wave, wave A, does not have enough strength to unfold into full-weight five waves, as is done in a zigzag, the rollback of wave B, which is not surprising, seems to inherit this lack of pressure in the opposite direction and ends near the beginning of wave A.
Wave C, in its turn, usually ends only slightly advancing beyond the end of wave A, in contrast to the significant advancement in the zigzag.
Flat corrections usually roll back from the end of previous pulsed waves less, than do zigzags.
They are associated with periods that include the powerful movement of an older wave level, and in fact always precede the wave elongations or follow them.
The more powerful the main motion (higher wave level), the shorter the wave plane. Inside wave pulses, fourth waves often develop as a plane, in while the second waves are much less common.
This is just an option for now and we have to wait for confirmation of the formation.
The FLAT correction differs from the zigzag in that the sequence of its sub-waves is 3-3-5.
Since the first active wave, wave A, does not have enough strength to unfold into full-weight five waves, as is done in a zigzag, the rollback of wave B, which is not surprising, seems to inherit this lack of pressure in the opposite direction and ends near the beginning of wave A.
Wave C, in its turn, usually ends only slightly advancing beyond the end of wave A, in contrast to the significant advancement in the zigzag.
Flat corrections usually roll back from the end of previous pulsed waves less, than do zigzags.
They are associated with periods that include the powerful movement of an older wave level, and in fact always precede the wave elongations or follow them.
The more powerful the main motion (higher wave level), the shorter the wave plane. Inside wave pulses, fourth waves often develop as a plane, in while the second waves are much less common.
