FLat Rules

Question 1

FLat

What is a Flat in Elliott Wave Theory?

Answer 1

A Flat is a three-wave pattern labeled A-B-C that moves generally sideways. It is corrective and counter-trend and is a very common Elliott pattern.

Question 2

FLat

What kind of corrective pattern can Wave A be?

Answer 2

Wave A can be any corrective pattern except a Triangle.

Question 3

FLat

What kind of corrective pattern can Wave B be?

Answer 3

Wave B can be any corrective pattern except a Triangle.

Question 4

FLat

How much of Wave A must Wave B retrace?

Answer 4

Wave B must retrace more than 70% of Wave A.

Question 5

FLat

How does Wave B compare to Wave A in price movement?

Answer 5

Wave B must be less than twice the price movement of Wave A, including internal points

Question 6

FLat

How long can Wave B take relative to Wave A?

Answer 6

Although there is no minimum time constraint for Wave B, it must be less than 10 times the time taken by Wave A.

Question 7

FLat

What must Wave C be?

Answer 7

Wave C must be an Impulse or an Ending Diagonal.

Question 8

FLat

How does Wave C relate to Wave A in terms of price territory?

Answer 8

Wave C must share some common price territory with Wave A.

Question 9

FLat

How does Wave C compare to Waves A and B in price movement?

Answer 9

Wave C must be less than twice the longest of Waves A and B, including internal points of Wave C.

Question 10

FLat

How does Wave C compare to Wave A in price movement?

Answer 10

Wave C must be less than three times the price distance of Wave A.

Question 11

FLat

What is the rule about back-to-back failures in Flats?

Answer 11

Disallow back-to-back failures.

Question 12

FLat

How does Wave C compare to Waves A and B in price and time?

Answer 12

Wave C must be no more than 10 times either Waves A or B in price and time.

Question 13

FLat

What is the minimum time constraint for Wave A?

Answer 13

There is no minimum time constraint for Wave A.