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Forex Education: Trading Elliott Wave Flat Patterns (Webinar Recording)

DailyFX.com -

In this webinar recording, we assessed a corrective pattern in Elliott Wave Theory that is a difficult one to trade, the flat.

There are three types of flat patterns:

  1. Regular
  2. Irregular or expanded
  3. Running

We looked at each of the three idealized patterns above. Then, we used EUR/USD as a case study it is illustrated some of the guidelines used in flats.

Lastly, we discussed how to trade flats. Generally, they are a tough pattern to anticipate as they chew up more time than price. Range traders may find them especially interesting. I typically wait and try to anticipate the termination of the flat to trade as the ensuing trend could be strong.

We will continue the educational video series next week on Tuesday. Register for the live event here.

See how Elliott Wave Theory is applied in the current environment in the main markets. Join Jeremy in the US Opening Bell webinar on Mondays here.

If you cannot make the live webinars, but wish to learn more about Elliott Wave theory, grab our beginning and advanced Elliott Wave guides here .

---Written by Jeremy Wagner, Head Trading Instructor, DailyFX EDU

Follow me on Twitter at @JWagnerFXTrader .

See Jeremy's recent articles at his Bio Page .

To receive additional articles from Jeremy via email, join Jeremy's distribution list.

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DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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