The Elliott Wave Patterns (Corrective Waves )

Corrective Waves (moving against the larger trend):
Corrective patterns are either 3 or 5 wave patterns, labelled with letters, and move against the
larger trend.

1.ZigZag:
A Zigzag is a 3-wave structure labelled A-B-C, generally moving counter to the larger trend. It is one of the most common corrective Elliott patterns.

1) Wave A must be an IM or a LD.
2) Wave B can only be a corrective pattern.
3) Wave B must be shorter than wave A by price distance.
4) Wave C must be an IM or an ED.
5) Wave C must be at least 70% of Wave B by price.

2. Double and Triple Zigzag (DZ and TZ):
Double and Triple Zigzags are similar to Zigzags, and are typically two or three Zigzag patterns
strung together with a joining wave called an x wave. They are corrective in nature.
Triples are uncommon. Zigzags, Double Zigzags and Triple Zigzags are also known as Zigzag
family patterns, or Sharp’ patterns. Double Zigzags are labelled w-x-y, while Triple Zigzags are
labelled w-x-y-xx-z. Both these patterns are included in the list of rules and guidelines below. Only a Double Zigzag is illustrated below.

1) Wave W must be a Zigzag.
2) Wave X can be any correction except an ET.
3) Wave X must be smaller than wave W by price.
4) Wave Y must be a Zigzag.
5) Wave Y must be greater or equal to Wave X by price.
6) Wave XX can be any correction except an ET.
7) Wave XX must be smaller than wave Y by price.
8) Wave Z must be a Zigzag.
9) Wave Z must be greater than or equal to Wave XX by price.