Buy a Trial Subscription and get ALL NEoWave Trading and Forecasting services for 2 weeks for only $39.
This will instantly give you access to the SEARCH function for our extensive Questions & Answers Library.
Question of the Week: 7/25/2007
What is the maximum length of wave-c in an Elongated Flat and can wave-c be a Terminal in such a pattern?
Answer:
In a typical Flat, wave-c is normally a little longer or a little shorter than wave-a. As a result, it is unacceptable to allow wave-c to be more than 161.8% of wave-a in any standard Flat.
The one characteristic that distinguishes a normal Flat from an elongated Flat is the size of wave-c in relation to wave-a. As wave-c reaches 161.8% of wave-a, it moves into "elongated" territory. The maximum acceptable length of wave-c in an elongated Flat is around 261.8%. Beyond that, some other pattern is probably forming.
Elongated Flats should only be allowed as a single segment of a larger Triangle, Diametric, Symmetrical or one phase of a Complex Correction. Lastly, an elongated c-wave can be a Terminal, but it must be the last leg of a larger formation.
At specific times each week, Glenn Neely is available to answer questions, provide guidance, and offer individualized advice. This is an opportunity to speak directly with Mr. Neely to address your unique situation, advance your understanding of markets, and hone your trading and forecasting skills.
Cost is $20/minute, with a 10-minute minimum ($200 minimum charge). Your credit card will be charged after the call.
To schedule a consultation, please click on the "Request a Consultation" button below and fill out the Contact form. Our Sales Manager, Magelan Ferreira, will respond to your request to arrange a consult with Mr. Neely.