โโ Combination ( CMB ): "Double Three"
โโ Rules:
โ A โdouble threeโ combination comprise two corrective patterns separated by one corrective patternin the opposite direction, labeled โ. The first corrective pattern is labeled โ, the second โ.
โ A "double three" combination comprises (in order) a single zigzag and a flat, a flat and a single zigzag, a flat and a flat, a single zigzag and a triangle or a flat and a triangle.
โ Wave โ appears as a zigzag or flat. (TWEWA)
โ Wave โ always retraces at least 90 percent of wave โ.
โ Combinations have a sideways look. With respect to waves โ and โ in a double three, only one of those waves in each type of combination appears 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 โ and โ.
โ Guidelines:
โ Wave โ is often 123.6-138.2% the โ wavelength, less often wave โ retraces 161.8% or more. Don't expect wave โ to be more than 261.8% of wave โ. (TWEWA)
โ Wave โ is usually a single or multiple zigzag.
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 โฃ, the preceding wave โก), a combination is likely.
โ Notes:
โ An expanding triangle has yet to be observed as a component of a combination.
__________________________
๐References:
Elliott Wave Principal 2005
Trade Waves / Elliott Waves Analysis (TWEWA)
๐ Elliott Wave Guide & Ellott Wave Archive โฌ๏ธโฌ๏ธ
โโ Rules:
โ A โdouble threeโ combination comprise two corrective patterns separated by one corrective patternin the opposite direction, labeled โ. The first corrective pattern is labeled โ, the second โ.
โ A "double three" combination comprises (in order) a single zigzag and a flat, a flat and a single zigzag, a flat and a flat, a single zigzag and a triangle or a flat and a triangle.
โ Wave โ appears as a zigzag or flat. (TWEWA)
โ Wave โ always retraces at least 90 percent of wave โ.
โ Combinations have a sideways look. With respect to waves โ and โ in a double three, only one of those waves in each type of combination appears 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 โ and โ.
โ Guidelines:
โ Wave โ is often 123.6-138.2% the โ wavelength, less often wave โ retraces 161.8% or more. Don't expect wave โ to be more than 261.8% of wave โ. (TWEWA)
โ Wave โ is usually a single or multiple zigzag.
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 โฃ, the preceding wave โก), a combination is likely.
โ Notes:
โ An expanding triangle has yet to be observed as a component of a combination.
__________________________
๐References:
Elliott Wave Principal 2005
Trade Waves / Elliott Waves Analysis (TWEWA)
๐ Elliott Wave Guide & Ellott Wave Archive โฌ๏ธโฌ๏ธ
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