Flat

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A sideways corrective pattern typically labeled A-B-C.

Types include:

• Regular Flat
• Irregular Flat
• Running Flat

NEoWave Association

NEoWave applies stricter validation rules to Flats by examining:

• Price relationships
• time relationships of all 3 segments
• number of internal subdivisions of each wave
• post-pattern behavior requirements to confirm

According to Glenn Neely's methodology, structures frequently labeled as Flats, under orthodox Elliott Wave, fail to satisfy NEoWave requirements.