Waves Personality (2)
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Hi everyone,
As you can see in the chart, Wave B= 123.6% of wave A, as a result: What you have encountered, is a Running Flat (or Expanded Flat),
In yesterday's update, I indicated that a continuation of the rally would likely result in the 37k (approximately)(Running Flat, wave C= 61.8% – 100% of wave AB) . It did..
Expanded Flat scenario is shown in the chart,
Appendix
Ending diagonal is usually characterized by overlapping wave 1 and 4 .
Wave B= 123.6% of wave A:
As you can see in the chart, Wave B= 123.6% of wave A, as a result: What you have encountered, is a Running Flat (or Expanded Flat),
In yesterday's update, I indicated that a continuation of the rally would likely result in the 37k (approximately)(Running Flat, wave C= 61.8% – 100% of wave AB) . It did..
Expanded Flat scenario is shown in the chart,
Appendix
Ending diagonal is usually characterized by overlapping wave 1 and 4 .
Wave B= 123.6% of wave A:
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