Dr_Roboto

S&P 500 - Regular flat corrective wave --> in Wave C?

Dr_Roboto アップデート済   
SP:SPX   S&P500指数
I have been watching this setup for a while. This is looking a lot like a text book regular flat corrective wave, of which we are in wave c. Note that the S&P hit the 0.9 fib level off the recent low exactly.

Elliott Wave Theory : Rules, Guidelines and Basic Structures --> elliottwave-forecast.com
Flat: A flat correction is a 3 waves corrective move labelled as ABC. Although the labelling is the same, flat differs from zigzag in the subdivision of the wave A. Whereas Zigzag is a 5-3-5 structure, Flat is a 3-3-5 structure. There are three different types of Flats: Regular, Irregular / Expanded, and Running Flats.

Guidelines for a regular flat
• A corrective 3 waves move labelled as ABC
• Subdivision of wave A and B is in 3 waves
• Subdivision of wave C is in 5 waves impulse / diagonal
• Subdivision of wave A and B can be in any corrective 3 waves structure including zigzag, flat, double three, triple three
• Wave B terminates near the start of wave A
• Wave C generally terminates slightly beyond the end of wave A
• Wave C needs to have momentum divergence

Fibonacci Ratio Relationship
• Wave B = 90% of wave A
• Wave C = 61.8%, 100%, or 123.6% of wave AB
コメント:
An interesting look at the Wave B prices but this time with a channel and regular candles to show the gaps.
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