As of 07/11/2024
  Indus: 39,754 +32.39 +0.1%  
  Trans: 15,430 +330.93 +2.2%  
  Utils: 939 +20.22 +2.2%  
  Nasdaq: 18,283 -364.04 -2.0%  
  S&P 500: 5,585 -49.37 -0.9%  
YTD
 +5.5%  
-2.9%  
 +6.5%  
 +21.8%  
 +17.1%  
  Targets    Overview: 06/28/2024  
  Up arrow40,000 or 38,000 by 07/15/2024
  Up arrow15,950 or 14,750 by 07/15/2024
  Up arrow960 or 890 by 07/15/2024
  Up arrow19,200 or 17,800 by 08/01/2024
  Up arrow5,750 or 5,500 by 08/01/2024
As of 07/11/2024
  Indus: 39,754 +32.39 +0.1%  
  Trans: 15,430 +330.93 +2.2%  
  Utils: 939 +20.22 +2.2%  
  Nasdaq: 18,283 -364.04 -2.0%  
  S&P 500: 5,585 -49.37 -0.9%  
YTD
 +5.5%  
-2.9%  
 +6.5%  
 +21.8%  
 +17.1%  
  Targets    Overview: 06/28/2024  
  Up arrow40,000 or 38,000 by 07/15/2024
  Up arrow15,950 or 14,750 by 07/15/2024
  Up arrow960 or 890 by 07/15/2024
  Up arrow19,200 or 17,800 by 08/01/2024
  Up arrow5,750 or 5,500 by 08/01/2024

Bulkowski on the Expanded Flat Elliott Wave Pattern

This page describes the expanded flat corrective wave of the Elliott wave principle, how price moves not in a straight line but in a series of rises and retracements.

 

The expanded flat wave correction in a bull market. Flats come in three varieties, regular, expanded, and running. This page concerns itself with the expanded flat. An expanded flat is more common than a regular flat. Elliott called an expanded flat an irregular flat. The chart to the right shows the basic configuration of an expanded flat in a bull market. Notice how wave B extends beyond the start of wave A, and wave C extends beyond the end of wave A.

 

 

The extended flat wave correction with subwaves in a bull market. The chart to the right has the same general shape as the preceding chart but with more detail. It shows the subwaves within the extended flat 3-3-5 correction. The red numbers 1-5 describe the line segments or subwaves within the ABC correction. Wave A is composed of three subwaves as is wave B, but wave C has five subwaves. That's where the flat 3-3-5 term comes from. A flat is a term used for any ABC correction that has 3-3-5 subwaves.

 

The expanded flat wave with subwaves in a bear market. This chart shows the same expanded flat 3-3-5 corrective wave but in a bear market (also called an inverted expanded flat). Waves A and B are threes and wave C is a five. Wave B ends beyond where wave A starts, and wave C ends well beyond where wave A ends.

 

Expanded Flat Elliott Wave Rules

The three wave corrective phase has rules that govern its shape. They are listed here.

-- Thomas Bulkowski

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See Also

 

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