🧮 Elliott Wave Pattern. Combination: "Double Three"

18 בפבר׳ 2021

●● Combination ( CMB ): "Double Three"

The SZ (FL) -X-T combination is the most common.

❗❗ Rules
● A "double three" combinations comprise two corrective patterns separated by one corrective pattern in the opposite direction, labeled X. (The first corrective pattern is labeled W, the second Y)
● A "double three" flat combination comprises (in order) a zigzag and a flat, a flat and a zigzag, a flat and a flat, a zigzag and a triangle or a flat and a triangle.
● Wave X is any corrective wave. *
● Wave X always retraces at least 90 percent of wave W.
● Only one of the W or Y waves can appear as a single zigzag.
● Combinations can occur in the same wave positions as flats and triangles (except for the triangle subwave) but cannot occur in waves W, Y or Z.

* most likely, except for the triangle.

❗ Guidelines
● The X wave is often 123.6% of the W wavelength.
● When a zigzag or flat appears too small to be the entire wave with respect to the preceding wave (or, if it is to be wave 4, the preceding wave 2), a combination is likely.

☝ Notes
● An expanding triangle has yet to be observed as a component of a combination

Elliott Wave Principal 2005