medium · Elliott Wave Theory complex
Within a large wave-(B), an analyst counts a running flat as the wave-b sub-component.
To qualify as a RUNNING flat (rather than an expanded or regular flat), which precise relationship among the internal a, b, and c must hold?
- Wave b exceeds the start of wave a, and wave c fails to reach the end of wave a, so c terminates short of a's extreme
- Wave b exceeds the start of wave a, and wave c travels beyond the end of wave a, clearly exceeding a's extreme
- Wave b retraces between roughly 90 and 105 percent of wave a, and wave c ends up roughly equal to wave a in length
- Wave b falls noticeably short of the start of wave a, and wave c nonetheless terminates beyond the end of wave a's extreme
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