An expanded flat is a variation of a regular flat in wave analysis. It consists of a 3-wave A-wave, followed by a 3-wave B-wave that retraces beyond the start of the A-wave, and culminates in a 5-wave C-wave. This structure typically occurs in the wave 4 position of an impulse and indicates a strong underlying trend that coincides with the correction, as it results in a new price extreme. The most common ratio between waves A and C in an expanded flat is 1 to 1.618.
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