Expanded flat pattern
B=127.2 % of A leg =1.2241
perfect price to sell
short position
B=127.2 % of A leg =1.2241
perfect price to sell
short position
Trade active
Price is near 138.2 % of wave A=1.2300if price go above 1.2300 than we have not expanded flat pattern
Note
Rules:Flats are always a 3 wave structure.
Wave A is a three wave pattern and never a Triangle.
Structure = 3-3-5
Wave B is subdivided into a three wave pattern.
Wave B retraces to at least 105% of Wave A & typically up to the 138.2%.
Wave C always goes beyond Wave A.
Wave C always subdivide into 5 wave structures: a Diagonal or an Impulse wave.
Guidelines:
Waves C usually goes between the 100% to the 161.8% of Wave A.
Waves A and C usually are not Equal in length.
Note
Rules of expanded flat pattern
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.