Asian paints (14-01-2022)

my view asian paint down side why first this stock down (A,B,C) wave and second wave up move (A,B,C) this show flat correction and third wave C direction down side (1,2,3,4,5)

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In “Expanding Flat and How to Avoid Its Traps” we examined probably the most common type of flat correction the markets could offer. It is easy to spot and relatively easy to trade. However, if you are constantly expecting the expanding variety, you are not going to be prepared for its exotic, but deceptive cousin – the running flat.

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Just as the expanding flat, the running flat has a three-wave structure, labeled A-B-C. Waves A and B consist of three waves. Wave B travels to a new extreme, exceeding the starting point of wave A of the pattern. And here comes the major difference between the two flat corrections. In an expanding flat, wave C travels beyond the starting point of wave B. Within the running type, it does not. In other words, a running flat wave C is not going to reach the termination point of wave A. When wave C is over, the entire corrective pattern ends and the larger trend resumes

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