📚 Elliott Wave Pattern: Flat 🌊●● Flat
❗❗ 𝙂𝙚𝙣𝙚𝙧𝙖𝙡 𝙧𝙪𝙡𝙚𝙨
● A flat always subdivides into three waves.
● Wave A is always a zigzag , flat or combination.
● Wave B is always a zigzag .
● Wave C is always an impulse or a ending diagonal .
❗ 𝙂𝙚𝙣𝙚𝙧𝙖𝙡 𝙜𝙪𝙞𝙙𝙚𝙡𝙞𝙣𝙚𝙨
● Wave A is usually a zigzag .
●● 𝙀𝙭𝙥𝙖𝙣𝙙𝙚𝙙 𝙁𝙡𝙖𝙩 ( Exp . FL )
❗❗ 𝙍𝙪𝙡𝙚𝙨
● Wave B always ends after the start of wave A .
● Wave C always ends past the end of wave A .
❗ 𝙂𝙪𝙞𝙙𝙚𝙡𝙞𝙣𝙚𝙨
● Wave B usually retraces 123.6 or 138.2% of wave A , less often — 161.8% .
● Wave C is often equal to 161.8% of wave A , less often — 261.8% .
● The most common type of flat.
●● 𝙍𝙪𝙣𝙣𝙞𝙣𝙜 𝙛𝙡𝙖𝙩 (Runn. FL )
❗❗ 𝙍𝙪𝙡𝙚𝙨
● Wave B always ends after the start of wave A .
● Wave C never goes beyond the end of wave A .
❗ 𝙂𝙪𝙞𝙙𝙚𝙡𝙞𝙣𝙚𝙨
● Within such a flat wave B should end well above the origin of wave A and that means wave C might reflect a 61.8% or even a 100% relationship to wave A .
● A running flat indicates that the forces in the direction of the larger trend at next higher degree are powerful.
● Wave B is usually no more than twice the length of wave A .
● Keep in mind that a running flat is rare.
●● 𝙍𝙚𝙜𝙪𝙡𝙖𝙧 𝙛𝙡𝙖𝙩 (Reg. FL )
❗❗ 𝙍𝙪𝙡𝙚𝙨
● Wave B never goes beyond beyond the start of wave A .
● Wave B always retraces at least 90 percent of wave A .
● Wave C always ends past the end of wave A .
❗ 𝙂𝙪𝙞𝙙𝙚𝙡𝙞𝙣𝙚𝙨
● The rarest type of flat.
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🔗 References:
Elliott Wave Principal 2005
Trade Waves / Elliott Waves Analysis (TWEWA)
📚 Elliott Wave Guide & Ellott Wave Archive ⬇️⬇️
