Triple Three Elliott Wave Structure


In this blog, we will take a look at Elliott Wave Triple Three structure wxyz. WXYZ is an 11 swing Elliott Wave structure which looks like below: From the chart above, we can see red W, red X, red Y, red X, and red Z. Each leg of WXYZ Elliott Wave structure has 3 swing subdivisions ((w)), ((x)), and ((y)). A triple three WXYZ structure therefore is an 11 swing structure. Usually each leg of the triple is equal leg with W = Y = Z in distance. Let's take a look at how this triple three pattern in … [Read more...]

5 wave Elliott wave Impulse


Gold has been rallying since early June low of 1240 in 5 waves. In Elliott Wave Principle, market does not run in straight line and after 5 waves rally, a pullback in 3 waves is expected. Current wave structure and count in gold suggest that the yellow metal is close to completing this 5 waves rally in an ending diagonal form. In ending diagonals, each subwave, including wave (i), (iii), and (v) subdivides into three waves, producing a count of 3-3-3-3-3. For clarity, let's take a look at the … [Read more...]

The New Elliott Wave Theory: Market Correlation


One of the common challenges to practicioners of Elliott Wave principle is that the technique is subjective. There’s a saying that if you put 10 different Ellioticians together in the same room, they will all come up with a different Elliott Wave count. During our 20 years of experience with Elliott Wave Theory, we find out there’s some truth in this saying. The good news is we have been able to find ways to reduce the subjectivity of Elliott Wave labelling and thus increase the accuracy of our … [Read more...]