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Details: ht
What is a flat market or a sideways market?
📊 Flat in trading? It's when the market seems to be asleep. Prices seem to get stuck. They move back and forth in a narrow corridor. Neither up nor down. Just hanging around for a while.
It seems like a peculiar pause! 🚀 The market is holding its breath before the jump. Where to? It's unclear. Experienced traders don't get bored in such moments. They scrutinize. Analyze. Use RSI. Look at the Bollinger Bands. Search for a place to latch onto the future movement.
In the Elliott Wave analysis, a flat seems to be a corrective structure. There is the regular one. There is the expanded one. And there is also the running one. They all have some special structure of 3-3-5. It is not entirely clear for beginners, but it ends before the start of a new trend.
If you understand what a flat is and learn to see it – your understanding of the market will deepen! You will be ready for changes! 🔍
🤫 Study crypto terminology more often. It helps. Solutions become better. Professional level rises.