Getting tired of the Elliott waves?
I hope not as we have left some of our unfinished business in 2018 and it seems like a perfect time to resume our lessons on trading waves.
The first one is zig-zag.
In the picture A and C are the trend-forming lines. And B is the wave. Notice, that B will always be shorter than A and C. such formations can be met in a row – five or six crammed together.
The second one is flat.
Generally speaking, flat formation are simple corrective waves, the length of which is going to be equal to those of the trend. In the picture are all the types of flat waves that you might see on your chart from time to time.