Possible Double Flat Correction.

We have possibly been in a long flat correction since Feb 2009 with WXY pattern marked above(GREEN).

We have not been able to break the red line.

Currently in Wave C in Wave XY.

From here we can either go for XZ wave and go for triple correction(Green Wave) OR Break the red line and go for a C leg up(BLUE WAVE).

Lets see how it goes.

This is for education purpose only.
Please give your feedback.