Question of the Week: 11/22/2006
Is there a FLAT where the complexity of leg "a" is greater than leg "b" and leg "c"?
This concept is discussed extensively in Mastering Elliott Wave. Precise Complexity measurement is part of NEoWave theory, but not part of orthodox Elliott Wave.
Wave-a of a Flat is the start of a new trend, so it tends to be violent. Wave-b of a Flat is a "correction" of that new trend. Corrections, as a rule, are nearly always more complex and time consuming than the trending segments of a pattern (except in Terminal formation). This is especially true when comparing the time and complexity of a correction going with the trend as opposed to one going against the trend. Consequently, the a-wave of a Flat must always take less time than wave-b. Since a crucial aspect of time is complexity development, that makes it impossible for wave-b to subdivide less than wave-a in a Flat. If you see wave-b take less time and complexity than wave-a, a Triangle, Diametric or Symmetrical pattern is forming, not a Flat.
Wave-c in a Flat will take either 50% of the total time and complexity consumed by waves-a and b combined or it will take approximately 100$ of the time and complexity of waves-a and b combined.
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