TradeWaves-EWA

๐Ÿงฎ Elliott Wave Pattern. Combination: "Double Three"

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โ—โ— Combination ( CMB ): "Double Three"
The SZ (FL) -X-T combination is the most common.

โ—โ— Rules
โ— A "double three" combinations comprise two corrective patterns separated by one corrective pattern in the opposite direction, labeled X. (The first corrective pattern is labeled W, the second Y)
โ— A "double three" flat combination comprises (in order) a zigzag and a flat, a flat and a zigzag, a flat and a flat, a zigzag and a triangle or a flat and a triangle.
โ— Wave X is any corrective wave. *
โ— Wave X always retraces at least 90 percent of wave W.
โ— Only one of the W or Y waves can appear as a single zigzag.
โ— Combinations can occur in the same wave positions as flats and triangles (except for the triangle subwave) but cannot occur in waves W, Y or Z.

* most likely, except for the triangle.

โ— Guidelines
โ— The X wave is often 123.6% of the W wavelength.
โ— When a zigzag or flat appears too small to be the entire wave with respect to the preceding wave (or, if it is to be wave 4, the preceding wave 2), a combination is likely.

โ˜ Notes
โ— An expanding triangle has yet to be observed as a component of a combination

Elliott Wave Principal 2005

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