hard · Elliott Wave Theory
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?
- Each X-wave must retrace at least 61.8% of the preceding pattern.
- No more than one zigzag is permitted in the entire sequence.
- The entire correction must conclude in less time than the prior Wave 2.
- All three patterns (W, Y, and Z) must be triangles.
Sign up free to see the explanation and track your rank →
More Elliott Wave Theory practice
- In a five-wave advance, Wave 1 is 10 points long, Wave 3 is… — How should this count be co
- A commodity price moves from $80 to $96, pullbacks to $88, t… — If an analyst identifies t
- Which is more likely?
- According to the Swing Count Validation technique, what should the trader conclude?
- Based on common Fibonacci relationships, how far might Wave C drop from the end of Wave B?
- An analyst sees a 'Close-Below-Prior-Swing Test' fire when p… — What does this likely sign
- According to the 'Fourth-Wave Target Zone' guideline, where is a correction most likely to
- According to the Guideline of Alternation, what should you expect for Wave 4?