medium · Elliott Wave Theory
Scenario: An Intermediate-degree correction is labeled as a triple three (W-X-Y-X-Z). W is a flat, Y is a triangle, and Z is a flat.
Why is this count invalid under pure Elliott Wave rules?
- The triangle must be the final component (Z), but it has been placed in the Y position.
- A triple three cannot contain more than one flat.
- The X waves must be identical in pattern type.
- Triangles are only permitted in double threes, not triple threes.
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?