Corrective
Flat
A three-wave corrective pattern (A-B-C) where Wave A is three waves, Wave B retraces most or all of Wave A, and Wave C is five waves. Flats tend to be more sideways than zigzags. Three types exist: regular, expanded, and running.
RELATED TERMS
Expanded Flat
A corrective pattern where Wave B exceeds the start of Wave A, and Wave C extend...
Regular Flat
A flat corrective pattern where Wave B retraces approximately 90-100% of Wave A,...
Running Flat
A rare flat correction where Wave B exceeds the start of Wave A (like an expande...
Corrective Wave
A three-wave structure that moves against the trend of the next larger degree. C...