Background
There are 3 different types of Flat Wave Patterns – all 3 types are categorized as Corrective Wave Patterns.
- Flat Wave Pattern
- Expanded Flat Wave Pattern
- Running Flat Wave Pattern
Each Flat Wave Pattern has a slightly different location for the endpoints of Waves A, B and C. But the one common trait among all of the different types of Flat Wave Patterns mentioned above – they all subdivide into a 3-3-5 wave sequence (meaning a 3 Wave Pattern, then another 3 Wave Pattern, followed by 5 Wave Pattern to complete the Flat Wave Pattern).
Since Flat Wave Patterns typically develop after a long, powerful and extended uptrend, Flat Wave Patterns generally do not develop as deep of a correction as a Zig-Zag Wave Pattern. I have found that a typical correction for most Flat Wave Patterns is in the 10%-15% range.
Clicking on each of the below illustrations will provide additional information for that particular type of Flat Wave Pattern. On the left side of each illustration is the general outline of the Flat Wave Pattern. The right side of the illustration shows the proper subdivisions of that particular wave pattern.
Flat Wave Patterns
Expanded Flat Wave Patterns
Running Flat Wave Patterns
In order to properly identify the above Flat Wave Patterns, pay particular attention to the endpoints for Waves A, B and C as well as their relationships to each other.
