Just two alternatives for the correction of the recent impulsive rally.
In purple, the expanded flat. In red, the double zigzag. Both would find support in the uptrend lines coming from relevant lows.
Instead of correcting, the market can be starting an impulse decline to complete an expanding flat correction of a different degree, so let's try to identify the unfolding pattern.
Hope it's not too messy.
In purple, the expanded flat. In red, the double zigzag. Both would find support in the uptrend lines coming from relevant lows.
Instead of correcting, the market can be starting an impulse decline to complete an expanding flat correction of a different degree, so let's try to identify the unfolding pattern.
Hope it's not too messy.
