Recount done (Elliott waves) with the most satisfactory corrective counts on iv. Now I believe the EU will see 149.55 today.
I will comment on expanding triangle on corrective iv later.
The motive v may be developing as motive diagonal.
Corrective waves as almost it is leaving us the count behind and being realised when we see another motive developing. Good Luck.
Recently I talked about flat and double triple three as corrective Elliot waves. Now as I believe the past wave iv developed into triangle I will say something about the pattern. As we know correctives waves in Elliott are either zig-zag, Flat, triangle and double or triple three. As contrary as zig-zag, triangle cause a sideway move.
The subwaves are 3-3-3-3-3 a-b-c-d-e and a triangle can be seen when connecting a line a-c and b-d. Wave e can either undershoot or more likely overshoot the a-c line. Triangle can be divided into two character either contracting or expanding. Contracting triangle is much common but I would like to say about expanding triangle now as we can learn from life example. Expanding triangle is also called reverse symmetrical triangle with the top rising and the bottom declining. As other triangle it occur in wave 4, wave B in ABC and as a final wave in double/triple three. Expanding triangle only the only subtypes as compare to contracting triangle which are symmetrical,ascending or descending by connecting the a-c line and b-d line.
From my experience expanding triangle occur when seller and buyer getting stronger on every moment into triangle till one win the battle. But as occur at the final retracement waves, the one who win will then take the winning and done. As if occur in wave 4, the winning will take to wave 5 but then the wave retraced for ABC in which the C is almost at the level or beyond the e wave.
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