medium · Elliott Wave Theory
After a completed impulse, a correction begins with a 5-wave decline (Wave A). Wave B retraces 50%.
What pattern is most likely developing, and what should be expected for Wave C?
- Regular Flat; Wave C should be a 5-wave impulse ending at the Wave A low.
- Zigzag; Wave C should be a 5-wave impulse breaking below the Wave A low.
- Contracting Triangle; Wave C should be a 3-wave move ending above the Wave A low.
- Double Three; Wave C should be an X-wave connector.
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