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Corrective Structures.

Corrective Structures.

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.


  • 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

The best way to understand how this pattern works is to study collection of charts with real life examples.

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  1. Introduction to Section 6 “Corrective Waves”.
  2. Simple Zig-Zag.
  3. Correction shaped as a Simple Zig-Zag.
  4. Regular Flat.
  5. Bonus: Trading corrective waves shaped as a Regular Flat.
  6. Running Flat.
  7. Expanded Flat.
  8. Correction Shaped as a Triangle.
  9. Bonus: Triangle can play dirty tricky games.
  10. Triangle: Key Takeaways.
  11. Wave B is the least predictable beast.
  12. Bonus.Wave B explained.
  13. Two types of corrective structures: “through time” vs “throw price”.
  14. Complex Corrective Pattern: Double Three.
  15. Guidance on Alternation Between Corrective Waves