Flat correction in play.

Güncellendi
From what it seems, AI made a 3 wave move before dropping impulsively.
That drop doesnt look corrective so i expect following potential outcomes.
Leaning more to deeper correction. (Red pattern)

Flat corrections require 3/3 /5 patterns
It looks like
A (Flat)
B (Zig zag)
C (Impulse) (for the moment its only 1 of 5 waves.
My longs are safe with stop loss in profit. Waiting game for more resolution.
Not
Another algo target reached...
Good reaction so far of the lows. Lets see if this develops into a nice impulse.
Not
Beast
Not
Not a bad place to take profits if you longed this one. This is a decent C wave target if the whole structure was a ZIG ZAG.
elliottwaveprojectionElliott WaveFlat

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