How to Trade the Bull and Bear Opportunities in Expanded Flats

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.

  • Format: On-Demand Course | 1 hour 20 minutes
  • Instructor: Wayne Gorman
  • Level: Intermediate

Maximize your results for this high-frequency Elliott wave pattern

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 ‚Äď 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.

Here's what you'll learn:

  • What distinguishes expanded flats from other corrective structures
  • Why expanded flats chew up and spit out novice traders
  • How to identify expanded flats as they develop in real time
  • How to project each subdivision and anticipate reversals
  • How to sidestep the bull and bear traps that snare most traders
  • How to trade expanded flats using Fibonacci relationships
  • How to set entry, stop, price target, and exit levels in real time
  • What to expect after an expanded flat plays out

Bonus: Order now and get Basics of the Wave Principle FREE ($79 value)

This 90-minute online video covers all the basics of the Elliott Wave Principle -- from its rules and guidelines, to wave personalities, to wave structures, to Fibonacci relationships. By the time you're done, you'll know how to spot the basic formations in price data and what to expect next.

Meet Your Instructor

Wayne Gorman

Wayne Gorman, CEWA-M Senior Tutorial Instructor

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.


Start Your Course Now:

On-Demand Course

1 hour 20 minutes | Intermediate

Price: $79

Order by Representative Mon-Fri, 8am-5pm EST
Contact EWI Customer Care at 800-336-1618 or 770-536-0309 (Internationally) or Online Chat and you will get a fast, friendly, knowledgeable person to assist you. Please be sure to mention code: SCS