medium · Elliott Wave Theory
A correction labeled W-X-Y is forming. Wave W is a zigzag. Wave X is a three-wave rally that retraces 75% of Wave W. Wave Y is also a zigzag. According to the properties of connecting waves, this is a:
- Triple Zigzag
- Regular Flat with a muddled Wave B.
- Double Three combination
- Double Zigzag
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