The best way to understand how this pattern works is to study collection of charts with real life examples.
- Subscribe Now and Start Learning
Corrective Structures.
REGULAR FLAT
Regular Flat is a flat consolidation where price keeps bouncing between two parallel lines, support and resistance. Wave b up retests the high made by preceding impulsive wave. And the final wave c retests the low made by the first leg down in the wave a.
MAIN FEATURES
- The Regular 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 double top retesting the top of preceding rally in an impulsive wave
- The final wave C is strong enough to push price back down to retest the low reached by wave a down
- 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