flat wave

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Elliot Wave: Corrective waves | Zig Zag pattern | Triangle patterns

The most complicated part of Elliott wave is the corrective waves. There are many forms of corrective waves which are difficult to comprehend at the hindsight. There are three classifications of corrective waves- zig zag pattern, flat wave and triangle patterns. Defining the Corrective waves Before delving deeper into the types of corrective waves, let's have a clear understanding about corrective waves. The waves 2 and 4 are corrective waves with respect to waves 1 and 3 respectively. The wave b is a corrective wave since it corrects the wave a. Consequently, the wave ‘abc’ is the corrective wave [...]

Elliot Wave: Corrective waves | Zig Zag pattern | Triangle patterns2018-12-20T10:35:29+00:00