Corrective
Expanded Flat
A corrective pattern where Wave B exceeds the start of Wave A, and Wave C extends well beyond the end of Wave A. The most common type of flat correction, often appearing in Wave 4 position. Structured as 3-3-5.
EXAMPLE
In a bullish trend, Wave A drops to $150, Wave B rallies above the prior high to $162, then Wave C plunges to $142, extending beyond Wave A.