Learn how to spot and act on the multiple trading opportunities in expanded flats and how to avoid its bull/bear traps that snare most traders.
An expanded flat is a distinctive price pattern that regularly develops in all financial markets. If you know how to identify it and how it unfolds, you can formulate an effective trading strategy to capitalize – regardless of which markets you follow.
In this course, EWI Senior Instructor Wayne Gorman shows you exactly how expanded flats work, how to spot them in your price charts and how to set up your trade plan once you've identified the pattern.
Wayne Gorman is head of EWI's Educational Resources. With more than 30 years of experience as a risk manager and trader, he began his career at Citibank where he managed trading positions in money markets and derivatives. He traded full time with his own capital for more than four years before joining Elliott Wave International.