medium · Elliott Wave Theory
Why is a structure labeled W (Triangle) - X (Flat) - Y (Triangle) considered a double violation of Elliott Wave rules?
- First, the structure is too long; second, triangles are only for Wave 4.
- First, X waves cannot be flats; second, triangles cannot be Y waves.
- First, W must be a zigzag; second, Y cannot be a triangle.
- First, the triangle at W violates the 'final component' rule; second, combinations typically do not contain two triangles.
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