Flats are very common forms of corrective patterns, which generally show a sideways direction. Waves Aand B of the Flat are both corrective patterns. Wave C on the contrary is an impulsive pattern. Normallywave C will not go beyond the end of wave A.
Rules and guidelines
• It is composed of 3 waves.• Wave C is an impulse, wave A and B are corrective.• Wave B retraces more then 61.8% of A.• Wave B often shows a complete retracement to the end of the previous impulse wave.• Wave C shouldn’t go beyond the end of A.• Normally wave C is at least equal to A.In which waveIt occurs mostly in B waves, though also quite common in 4 and 2.
Internal structure
As mentioned before a Flat consists of 3 waves. The internal structure of these waves is 3-3-5. Bothwaves A and B normally are Zigzags.
