Flats: the expanded and the contracting, and the targets

We complete the flat family with its other two patterns, then give each of the four its Fibonacci target, and finally separate flats from the triangles they are so often confused with.

The expanded flat

In the expanded flat (also called irregular) the waves widen successively: B breaks the top of the motive wave, then C breaks the low of A, so the range widens as the correction advances. It is a deceptive correction that fakes a breakout on both sides before it ends, and it often carries what we call the wave C trap: a final breakout that hunts the stops of the hasty before the launch.