There are three different types of Flat Elliott Wave Structure:
A. Regular Flat Elliott Wave Structure
Rules:
- Corrective 3 waves labelled as ABC
- Subdivision of wave A and B is in 3 waves
- Subdivision of wave C is in 5 waves
- Wave B terminates near the start of wave A
- Wave C generally terminates slightly beyond the end of wave A
- Wave C must have momentum divergence
Fibonacci Relationship:
- Wave B = 50%, 61.8%, 76.4%, or 85.4% of wave A
- Wave C = 61.8% – 123.6% of wave AB
B. Expanded Flat Elliott Wave Structure
Rules:
- Corrective 3 waves labelled as ABC
- Subdivision of wave A and B is in 3 waves
- Subdivision of wave C is in 5 waves
- Wave B terminates beyond the starting level of wave A
- Wave C ends substantially beyond the ending level of wave A
- Wave C must have momentum divergence
Fibonacci Relationship:
- Wave B = 123.6% of wave A
- Wave C = 123.6% – 161.8% of wave AB
C. Running Flat Elliott Wave Structure
Rules:
- Corrective 3 waves labelled as ABC
- Subdivision of wave A and B is in 3 waves
- Subdivision of wave C is in 5 waves
- Wave B terminates substantially beyond the starting level of wave A
- Wave C travels full distance, falling short of the level where wave A ended
- Wave C must have momentum divergence
Fibonacci Relationship:
- Wave B = 123.6% of wave A
- Wave C = 61.8% – 100% of wave AB
Learning Flat Elliott Wave Structure recording
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