B FAILURE RUNING FLAT : ELLIOTT WAVE ANALYSIS [ELLIOTT BABA]

B FAILURE RUNING FLAT : ELLIOTT WAVE ANALYSIS [ELLIOTT BABA]

RUNNING 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 of the 3-3-5 pattern terminates beyond the starting level of wave A
• Wave C fails travel the full distance, falling short of the level where wave A ended

Fibonacci Ratio Relationship
• Wave B = 123.6%-138% of wave A
• Wave C must be 38% of wave A