Hello Friends,
Here we had shared some major points and characteristics of Expanded Flat Correction also known as Irregular Flat Correction in Elliott waves.
Principles of Irregular / Expanded Flat correction pattern
1) 3 waves corrective pattern which is labelled as A-B-C
2) Subdivision of wave A and B are in 3-3 waves
3) Subdivision of wave C is in 5...
Most common found pattern. Its temporary pause to extended rally.
Key to identify this pattern is rejection after breaking wave A start.
Always look for very smaller margin rise above start of wave A.
C wave is sharp fall to reach 0.382 Fibonacci retracement of rally.
All other details explained in chart. Comment your doubts.