An Elliott Wave Flat structure is a 3-3-5 structure and has three different types: Regular Flat, expanded/irregular Flat, and Running Flat.
In this article, we will take a look at an example of expanded/irregular Elliott Wave structure with GBP/USD chart. Let’s take a look at the 4 hour chart below
The expanded/irregular Elliott Wave structure that we want to take a look is highlighted in the grey box above. From red y, we can count 3 waves higher ending in blue (A). Then we have 3 waves lower ending in blue (B). Lastly, we have 5 waves higher which completes wave (C) of x. In this case, the 5 waves takes the form of a diagonal. So we have a 3-3-5 Elliott Wave flat structure in this particular case.
What distinguishes an expanded/irregular Elliott Wave structure from the other types of flat structure is that in expanded/irregular Elliott Wave structure, the second swing ends below the start of the first swing, and the third swing ends above the first swing. In this case, the second swing wave (B) ends below the start of wave (A) or below red y. The third swing wave (C) of X ends above wave (A).
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Expanded/Irregular Flat Elliott Wave Structure
Published 03/15/2015, 12:06 PM
Updated 03/09/2019, 08:30 AM
Expanded/Irregular Flat Elliott Wave Structure
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Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
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