medium · Elliott Wave Theory
An analyst identifies a potential 'Triple Three' sideways combination. The components are: Flat (W), Zigzag (X1), Flat (Y), Flat (X2), Triangle (Z).
What is the primary analytical risk if the analyst labels a five-wave impulse in the middle of the Y component flat?
- The five-wave structure means that the X2 connector wave has already begun to form at this juncture.
- The five-wave structure proves that the correction is actually a double zigzag rather than a triple three.
- A triple three sideways combination cannot legally contain more than one flat component within its wave structure.
- A flat must have a 3-3-5 internal count; a five-wave structure in the middle (wave B) is structurally impossible.
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