EU Elliott waves corrective pattern.(Flat)

I have seen a complete wave v in a possibly last leg of C or 3 of C. (See daily counts.)
The wave iv was a flat abc correction in which b almost to the level of iii and later down toward FE 100% AB.The level of c was just about the level of a. One thing to remember is that a combination of correction may still develop if the level of wave iv retracement is not yet achieved.

This is good learning example of flat corrective Elliott waves. Let I remind the flat correction is a common occurrence which show a sideway direction. The traders almost always complain of which direction was that really was and the trading system which use a trend as a set up guide on that time frame will almost losing breath.

Flat correction is a very common corrective pattern abc in which wave a and b are corrective (3 subwaves) and c is impulsive. Wave b will retrace more than 61.8% of wave a, and often show a complete retracement to the end of previous impulsive wave ( in this case wave iii). Wave c shouldn't go beyond wave a and normally at least equal to wave a.

Most FLAT occur in wave B, though quite common in wave 4 and 2.