Glossary
What is Flat correction?
A flat is an A-B-C correction where B retraces deeply into A and C often retests or exceeds A's extreme.
A flat correction is an A-B-C structure where wave B typically retraces most or all of A, and wave C often finishes near or beyond the end of A (regular, expanded, or running variants).
Expanded flats can trap traders who expect a simple pullback. Invalidation beyond the flat's extremes is a common stop basis.
If a Channel Signal cites a flat, confirm which variant and whether take-profits sit at typical C equalities or extensions of A.
Related terms
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