medium · Elliott Wave Theory complex
In a Primary-degree Wave 4 correction that unfolds as a double three (W-X-Y), the market completes a flat as W and a zigzag as X. If the analyst expects the correction to end with a coiling pattern, what is the mandatory position for that triangle?
- It must be the Y wave.
- It must be the X wave to act as a bridge between the flat and the final move.
- It can be either the W or the Y wave depending on the prior Wave 2 pattern.
- It is prohibited in combinations and can only exist as a simple Wave 4.
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