Expanded flat pattern B=127.2 % of A leg =1.2241 perfect price to sell short position
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Price is near 138.2 % of wave A=1.2300 if price go above 1.2300 than we have not expanded flat pattern
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Rules: Flats are always a 3 wave structure. Wave A is a three wave pattern and never a Triangle. Structure = 3-3-5 Wave B is subdivided into a three wave pattern. Wave B retraces to at least 105% of Wave A & typically up to the 138.2%. Wave C always goes beyond Wave A. Wave C always subdivide into 5 wave structures: a Diagonal or an Impulse wave. Guidelines: Waves C usually goes between the 100% to the 161.8% of Wave A. Waves A and C usually are not Equal in length.