Ascending and descending Triangles
Description These are mentioned under the Triangles description in the Classic patterns section. Basically these patterns are the same as common contracting triangles, except for the fact that ascending and…
Running Flat (modern) Pattern
Description This pattern is exactly the same as a Running Flat, except for the fact that it must retrace more than 60%, if not we consider it to be a…
Running zigzag Pattern
Description Apart from contracting Triangles, a failure in a corrective pattern happens when the C wave is shorter than wave A and fails to go beyond the end of A.…
Running Flat Pattern
Description The Running correction is a rare special form of a failure. This pattern is a kind of Flat, with an elongated B wave and a very small C wave.…
WXY or Combination Pattern
Many kinds of combinations are possible. Below a rather complex example has been depicted. Description A Combination combines several types of corrections. These corrections are labeled as WXY and WXYXZ…
Patterns For Elliott Wave Theory
Studying the patterns is very important in order to apply the Elliott Wave Principle correctly. The pattern of the market action, if correctly determined, not only tells you to what…