A running flat is where the B wave exceeds the starting point of wave A and the subsequent drop of wave C does not exceed the wave A low. Also note the declining volume and bearish divergence with the RSI on the weekly (and monthly) chart suggesting this move up is losing momentum.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.