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Corrective Structures.
RUNNING FLAT
Running Flat is a flat consolidation where price keeps bouncing between two parallel lines, support and resistance. Wave b up makes a new higher high over the high made by preceding impulsive wave. And the final wave c makes a higher low having failed to retests the low made by the first leg down in the wave a.
MAIN FEATURES
- The Running Flat structure is subdivided into three waves a, b and c
- Waves a down and b up are subdivided into three subwaves
- Wave c down is subdivided into five subwaves
- Wave b up makes a new higher high over the top of preceding rally in an impulsive wave
- The final wave C is not strong enough and fails to retest the lows of the first leg down in wave a
- Introduction to Section 6 “Corrective Waves”.
- Simple Zig-Zag.
- Correction shaped as a Simple Zig-Zag.
- Regular Flat.
- Bonus: Trading corrective waves shaped as a Regular Flat.
- Running Flat.
- Expanded Flat.
- Correction Shaped as a Triangle.
- Bonus: Triangle can play dirty tricky games.
- Triangle: Key Takeaways.
- Wave B is the least predictable beast.
- Bonus.Wave B explained.
- Two types of corrective structures: “through time” vs “throw price”.
- Complex Corrective Pattern: Double Three.
- Guidance on Alternation Between Corrective Waves