The Elliott wave flat pattern is onee of the core corrective pattern denoted 3 _ 3 _ 5. The first wave subdivides as a three wave labeled (A), the second wave also subdivides as three wave labelled (B) usually ending at or near the origin of (A). While the third wave labelled (C) subdivides into five wave labelled 1 - 2 - 3 - 4 - 5.
Once the correction ends, the pattern will be more than fully retraced. This is the case with SLLUSDT.
Evidence suggests we are at or near the completion of the pattern and the next significant move moving forward should be to the upside where the pattern begins.
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Once the correction ends, the pattern will be more than fully retraced. This is the case with SLLUSDT.
Evidence suggests we are at or near the completion of the pattern and the next significant move moving forward should be to the upside where the pattern begins.
If you appreciate my analysis please don't forget to hit the like button and if you have any chart you will like me to analyse please leave a message.
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