Corrective Patterns · Lesson 3 of 6

The Triangle.

The flat is the sideways correction. Three sub-waves down, three sub-waves up, five sub-waves down again. Slower and less directional than a zigzag. Most commonly appears as Wave 4 of an impulse, alternating with the sharper Wave 2 zigzag. This lesson covers the regular, expanded, and running variants and the typical locations where flats appear.

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Figure III
Five segments, converging or diverging
Wave Personality
Wave 1
The First Move
Skeptical

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Rule violated: Wave 4 cannot enter Wave 1's territory
Price Time Upper line (B-D) Lower line (A-C-E) Contracting triangle: B-D trendline slopes down, A-C-E trendline slopes up. The two lines converge toward the apex on the right. All four sub-types share the same A-B-C-D-E structure, but differ in trendline slopes Sub-types of contracting triangle (described in the side panel) A B C D E Diverging upper line Diverging lower line Expanding triangle: each leg LONGER than the previous. Trendlines diverge. Triangles typically appear as W4 of an impulse, as the B wave of a larger ABC, or as the X wave inside a complex WXY correction Start of A level A B C D E B above start of A Running triangle: B exceeds the start of A. Otherwise the same contracting shape. (a) (b) (c) (a) (b) (c) (a) (b) (c) (a) (b) (c) (a) (b) (c) A B C D E
Step 1 of 8

The Pattern Begins

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