A Contracting Flat, How About That?

Taking a sell position in anticipation of a Contracting Flat could be very rewarding taking into account the risk : reward.
Predicting a Contracting Flat is an uncommon idea since it's not part of the classical pattern discovered by Elliot. But, this pattern occurs often so taking this trade is a good idea but risky.

Trade with care. Use a strategy you have tested and verified.

6.1.8. Family.
More Than Just Trading.

Comment:

Don't follow my wave counting, I just realised I made a mistake... the trade still stands.

Comment:

still stalking