Elliott Wave Cheat Sheets
This is a list of other helpful sources on Elliott Wave Theory
- 3-3-5 internal structure
- Alternation also is common in the 3 waves of Waves A and B in the flat.
WA and WB alternate between a Zigzag and Flat.
- The most common structure is that WA and WC demonstrate equality.
- Regular Flats -- The typical structure of a regular flat is that Waves A, B, and C are close to
equal lengths. Wave C is 5 waves and normally will be steeper than wave A.
- Expanded Flats -- Wave B will result in a new price extreme beyond the origin of WA. However, just because the
structure is tight with previous W5 high do assume that the following W5 will be shallow.
- Running Flats --
Wave C does not travel
the full expected
extent, but stops short
and reverses strongly.
- In a Flat, WA is
expected to be steeper
- Regular Flat - Wave B will retrace 90%
to 105% of WA. If greater than 100,
it is an Expanded Flat. Wave C will travel about the same distance as WA. If you see 5 waves and a reversal
before 90% don't try to force the Flat interpretation, it is likely wrong.
Wave C can be an Ending Diagonal.
- Expanded Flat - Wave B will retrace up to 1.382 of WA. It can be shorter or longer, but beyond
1.5 favors a different
wave interpretation. Wave C of
an explanded flat typically
extends to 1.382 of WA.
- Running Flat - Wave
C, while still
consisting of 5 waves is
cut short (think
truncation) and reverses
direction causing a very
strong move in the
- Flats generally show that
the market continues to maintain
a bullish or bearish attitude to
the point that they are not
interested in strongly
correcting the trend.
After the correction you can
expect a decent move.
- Note that when W2 is an
expanded flat, you can pretty
well count on W3 to achieve a
2.618 multiple of W1. Expect
bigger moves after flats.
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