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

  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