Deceptive in its moves, The Expanded Flat Pattern’s push to a new low (in which at first glance) appears to be a break-out to the downside from a triangle pattern. The triangle pattern is legit; It’s just that it has formed in Wave (B) of ((B)). Some call this a false break-out, while it never was intended to be, yet. Don’t get caught out there?
Currency, expanded flat, USDCAD
Did you see this Expanded Flat Pattern forming?
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