Nifty MidCap 100 Index

CNX MIDCAP 100 Elliot Wave Analysis

Flat Correction labelled as A-B-C structure

Since the final wave of a flat subdivides into fives waves.

In flats, waves A & B are never triangles & rarely flats.

Wave B usually retraces at least 90% of wave A.

There are 3 types of flats: regular, expanded, & running.

The most common type of flat is the expanded flat.

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