Elliott Wave Flat Sequence with Wave C Ending Diagonal
In Elliott Wave Theory, a flat sequence typically consists of three waves: A, B, and C. The pattern is generally labeled 3-3-5, indicating the wave structures.
Wave A: A corrective three-wave move.
Wave B: Another three-wave corrective move, often retracing Wave A by 90% or more.
Wave C: A five-wave move, which can unfold as an ending diagonal.
An ending diagonal in Wave C indicates a slowing momentum, often signaling a reversal. The ending diagonal structure usually forms a wedge pattern, tapering towards the end. This setup is crucial for identifying potential turning points in the market.
Buying Trigger Above
66457
Target
71993
From WaveTalks
Abhishek
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Abhishek H. Singh
Growth Director - TradingView India
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Abhishek H. Singh
Growth Director - TradingView India
YouTube Channel www.youtube.com/channel/UCYcnYveYBNLD-Qp54hvZogw
Twitter Handle
twitter.com/TalksWave
Telegram Handle
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