Background
Here is an example of a typical Running Flat Wave Pattern that occurs during a bull market. The Running Flat Wave Pattern is a corrective wave pattern.
On the left side of the illustration is the basic Running Flat Wave Pattern.
On the right side of the illustration I show how a Running Flat Wave Pattern typically subdivides, into a 3-3-5 wave pattern.
Characteristics
- The Running Flat Wave Pattern is a corrective wave pattern
- It tends to develop after a strong uptrend
- Typically does not retrace as much as other corrective wave patterns
- Wave B exceeds the beginning of Wave A
- Wave C does not exceed the end of Wave A
- The wave subdivides into a 3-3-5 wave count
