hard · Elliott Wave Theory complex

A corrective pattern is labeled as a 'Triple Three' (W-X-Y-X-Z).

Which of the following is an absolute structural requirement for this complex sideways pattern?

  1. Each X-wave must retrace at least 61.8% of the preceding pattern.
  2. No more than one zigzag is permitted in the entire sequence.
  3. The entire correction must conclude in less time than the prior Wave 2.
  4. All three patterns (W, Y, and Z) must be triangles.

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