The Elliott Wave Patterns (Corrective Waves) 2

3.Flat:

A Flat is a three-wave pattern labelled A-B-C that generally moves sideways. It is corrective,
counter-trend and is a very common Elliott pattern.

1) Wave A can be any corrective pattern.
2) Wave B can be any corrective pattern except a Triangle.
3) Wave B must retrace at least 50% of A by price.
4) Wave B must be less than 200% of Wave A by price.
5) Wave C must be either an IM or ED.
6) Wave C must share some common price territory with Wave A.

4.Double and Triple Sideways:
Double and Triple Sideways patterns (also known as Double 3’s and Triple 3’s) are similar to
Flats, and are typically two or three corrective patterns strung together with a joining wave, called
an x wave. They are all corrective in nature. Triples are rare.
Doubles are labelled w-x-y, while Triples are labelled w-x-y-xx-z.
Both these patterns are included in the list of rules and guidelines below. Only a Double 3 is
illustrated below.

1) Wave W may be any corrective pattern except a Triangle, Double (or Triple) Zigzag or
Sideways pattern.
2) Wave X may be any corrective pattern except a Triangle, Double (or Triple) Zigzag or
Sideways pattern.
3) Wave X must retrace Wave W by at least 50%.
4) Wave Y may be any corrective pattern except a Double (or Triple) Zigzag or Sideways
pattern.
5) Wave Y cannot be a Zigzag if W is a Zigzag.
7) Wave Y must be less than 200% of Wave W by price.
6) Wave Y must be at least as long as Wave X by price except if it is a Triangle.
7) Wave XX may be any corrective pattern except a Triangle, Double (or Triple) Zigzag or
Sideways pattern.
8) The minimum XX wave retracement is 50% of Y.
9) Wave Z may be any corrective pattern except a Double (or Triple) Zigzag or Sideways pattern.
10) Wave Z cannot be a Zigzag if Wave Y is a Zigzag.
11) Wave Z must be longer than Wave XX by price.

5. Triangle (CT and ET):
A Triangle is a common 5-wave corrective pattern labelled A-B-C-D-E that moves counter-trend.
Triangles move within two channel lines drawn from waves A to C, and from waves B to D. A
Triangle is either Contracting (CT) or Expanding (ET) depending on whether the channel lines are
converging or expanding. Expanding Triangles are rare. Only a Contracting Triangle is illustrated
below:

1) All waves in an ET must be ZZ, DZ, or TZ.
2) In a CT:
- Wave A is restricted to a ZZ, DZ, TZ or FL.
- Wave B is restricted to a ZZ, DZ, or TZ.
- Wave C is any corrective pattern except a Triangle
- Wave D is any corrective pattern except a Triangle
- Wave E is restricted to a CT, ZZ, DZ, or TZ.
3) The intersection of the channel lines must occur beyond the end of a CT, and before the
beginning of an ET
4) The channel lines must either converge or diverge. They cannot be parallel.
5) Only one channel line in a CT may be horizontal.
6) Neither channel line of an ET can be horizontal.
7) Wave E must end in the price territory of A.
PDF