medium · Elliott Wave Theory corrective
In a regular flat correction (3-3-5), wave B retraces to 138% of wave A and wave C terminates at 261.8% of wave A's length (measured from B's end).
Under the Elliott Wave guidelines, which single label is BEST justified for this entire structure, and on what defining sub-wave relationship does that classification primarily rest?
- A running flat, because wave C fails to travel beyond A's origin, despite B exceeding A's start, leaving net progress still in the trend direction
- An expanded (irregular) flat, because wave B exceeds the start of wave A and wave C exceeds the end of wave A, with C extending well past B's terminal level
- A regular flat, because both B and C return to roughly the same level as the preceding wave's origin, keeping all three legs of the pattern near-equal
- A zigzag, because a C that reaches 261.8% of A confirms a dominant five-wave C overpowering a sharp A, which makes the net move impulsive rather than corrective
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