medium · Elliott Wave Theory
A currency pair completes an A-B-C correction where Wave A is a 3-wave sequence.
Wave B rallies to 1.236 times the length of Wave A, exceeding the origin of Wave A. Wave C then declines in 5 waves, terminating well below the extreme of Wave A. How should this be labeled?
- Regular Flat
- Expanded Flat
- Running Flat
- Zigzag
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