Gold Price Breakout or B Wave Corrective Top?

PREFERED PROBABLE CORRECTIVE SCENARIO
“In a regular flat correction, wave B terminates about at the level of the beginning of wave A, and wave C terminates a slight bit past the end of wave A.” E. W. P.

ALTERNATE PROBABLE CORRECTIVE SCENARIO
“Far more common, however, is the variety called an expanded flat, which contains a price extreme beyond that of the preceding impulse wave. In expanded flats, wave B of the 3-3-5 pattern terminates beyond the starting level of wave A, and wave C ends more substantially beyond the ending level of wave A.” E. W. P.

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