Reading Time: < 1minuteI’ve been trading and peeping these patterns for some time. Only to discover a larger proven pattern #runningflat that most would’ve given up on. Keep studying, you can only get better. Thanks for the DM’s of those that appreciate my post saying how much they learned.
Wave A – Zigzag is a three-wave move that makes up a corrective pattern. The corrective pattern generally goes against the initial trend. This took almost a month to form.
Zigzag Pattern – 09/01/2020 – 09/25/2020
Wave B – Mostly against the initial trend,(bull trap) this Flat Pattern which is clearly a three-wave move appears to be going with the major trend. (a three-wave move at a new high or low in the case of a bear market it will always reverse). Wave B took a little over 4 months.
Flat Pattern – 09/25/2020 – 01/06/2021
Wave C – Ending Diagonal. A five-wave move, moving against the trend. Will this hold its support? A little over two months.
Ending Diagonal – 01/06/2021 – 03/31/2021
Now this pattern has been forming since Sept 2020. Are you ready for take off? We will see in this #EURUSD. Let’s see will this #support hold. #doingitmyway
Don’t be afraid to look at the larger timeframe charts. Holds #majorkeys
