medium · Elliott Wave Theory
Within a triple three (W-X-Y-XX-Z), the two X waves connect three corrective patterns. A practitioner claims the X waves themselves must always be zigzags. Evaluate the constraint Elliott's rules actually place on the connecting X waves of a combination.
- Each X wave must be a zigzag, because only a five-wave-based structure can carry price between the two consolidations without losing the corrective character
- Each connecting wave is any corrective pattern (most often a zigzag, but possibly a flat or even another combination) and typically retraces a substantial part of the preceding three; it is the joiner, not necessarily a zigzag
- The X waves must subdivide as fives, since they connect threes and the alternation of three-then-five preserves the overall corrective-impulsive balance of the sequence
- Each X wave must be smaller in price than every constituent three it connects, because a connector that exceeds a constituent would re-designate the structure as a zigzag family
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