Flats are always a 3 wave structure.
Structure = 3-3-5
Wave A is a three wave pattern and never a Triangle.
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 does not go beyond Wave A and is "Truncated".
Wave C always subdivide into 5 wave structures:...
Impulsive Waves always divide into 5 waves: Waves 1,2,3,4,& 5; followed by a corrective wave, typically A, B & C.
The waves that are numbered (1,2,3,4,5) are in the direction of the Trend.
The waves that are Lettered (A, B, C ) are against the Trend.
Structure = 5-3-5-3-5 (21) followed by 5-3-5 (13)
Wave 1 could divide into an impulsive...