WaveTrack International

Elliott Wave Financial Price Forecasting

Slanting Flat

by m.tamosauskas| December 6, 2013 | No Comments

Everybody familiar with the Elliott Wave Theory can recognize these flat patterns –expanding, running and horizontal, however, have you ever heard of ‘Slanting Flat’ pattern? It is extremely rare but was originally discovered by R.N. Elliott. We think we found one just recently unfolding in 10 year Bunds contract:

bund131206a

Flats are subdividing into a 3-3-5 waves sequence, for any kind of usual flat wave ‘B’ must trade below wave ‘A’ starting point that creates a new price extreme, but in a case of slanting flat, wave ‘B’ ends in the price territory of wave ‘A’. As can be seen on this particular example (Bund 10yr, 120 mins.) minuette wave [a] ended at 140.53 and was followed by minuette wave [b] that completed at 141.88 – in a range of minuette wave [a]’s territory (142.32-140.53). Finally, the subsequent decline unfolded into a five wave expanding-impulse pattern as minuette wave [c] with a completion at 139.75. This pattern is complicating to predict but we hope to record more of these examples and do a research to improve predictability in the future.

 

Category: Germany 10 year Euro Bund future

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WaveTrack International is a financial price forecasting company dedicated to the Elliott Wave principle and work of the R.N. Elliott. Clients include Investment Banks, Pension Funds, Total/Absolute-Return/Hedge Funds, Sovereign Wealth Funds, Corporate and Market-Making/Trading institutions and informed individuals -- & just about anyone who is affected by directional price change.

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