medium · Elliott Wave Theory corrective
In a double three labeled W-X-Y, W is a zigzag and Y is a flat. An analyst argues the combination is invalid because the two corrective patterns differ in type.
Why is this objection wrong, and what is the single hard constraint that actually governs W and Y?
- The objection is wrong because W and Y may be different corrective types; the binding rule is that neither W nor Y may itself be a multiple (double or triple) three
- The objection is correct because every component of a valid double three, including both W and Y, must share the exact same corrective pattern type throughout the whole structure
- The objection is wrong, but the only real constraint offered is that X must always take the form of a zigzag pattern retracing more than the full extent of W
- The objection is wrong; the binding rule is instead that Y must always travel farther in price than W did, since that is what confirms the combination's overall trend direction
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