🤖 AI Stock Chart: Unveiling a Running or Expanding Flat Pattern
Chart Pattern: 🚀 Bullish Running or Expanding Flat
Hello, TradingView community!
Today, we're delving into an exciting development on an AI stock chart. Two distinct yet complementary patterns seem to be forming - a bullish expanding flat or a running flat. Both hint at a potentially significant upward move in the near term, suggesting an interesting trading opportunity on the horizon.
Expanding flats and running flats are two continuation patterns often observed in Elliott Wave theory. They usually signal a brief pause in the trend before a resumption of the initial trend direction. An expanding flat typically consists of three waves (A-B-C), where both the 'B' and 'C' waves exceed the length of wave 'A'. A running flat, on the other hand, is characterized by wave 'C' surpassing wave 'A'.
Watch out for trading volume as well. A substantial increase in volume as the price breaks out of the flat formation would provide additional confirmation of the trend continuation. Also, keep abreast of any significant news or announcements from the company that might impact the stock's price.
Stay tuned as we continue to monitor this captivating AI stock chart. Make sure to like, follow, and share your thoughts in the comments section.
Happy trading!
Hello, TradingView community!
Today, we're delving into an exciting development on an AI stock chart. Two distinct yet complementary patterns seem to be forming - a bullish expanding flat or a running flat. Both hint at a potentially significant upward move in the near term, suggesting an interesting trading opportunity on the horizon.
Expanding flats and running flats are two continuation patterns often observed in Elliott Wave theory. They usually signal a brief pause in the trend before a resumption of the initial trend direction. An expanding flat typically consists of three waves (A-B-C), where both the 'B' and 'C' waves exceed the length of wave 'A'. A running flat, on the other hand, is characterized by wave 'C' surpassing wave 'A'.
Watch out for trading volume as well. A substantial increase in volume as the price breaks out of the flat formation would provide additional confirmation of the trend continuation. Also, keep abreast of any significant news or announcements from the company that might impact the stock's price.
Stay tuned as we continue to monitor this captivating AI stock chart. Make sure to like, follow, and share your thoughts in the comments section.
Happy trading!
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