More Elliott Wave Formations.

Let’s take a look a some more Elliott Wave formations.

The Zig-Zag Formation

Zig-zag formations are very steep moves in price that go against the predominant trend.

Wave B is typically the shortest in length compared to Waves A and C.

These zig-zag patterns can happen twice or even thrice in a correction (2 to 3 zig-zag patterns linked together).

Like with all waves, each of the waves in zig-zag patterns could be broken up into 5-wave patterns.

The Flat Formation

Flat formations are simple sideways corrective waves.

In flats, the lengths of the waves are GENERALLY equal in length, with wave B reversing wave A’s move and wave C undoing wave B’s move.

We say because wave B can sometimes go beyond the beginning of wave A.

The Triangle Formation

Triangle formations are corrective patterns that are bound by either converging or diverging trend lines.

Triangles are made up of 5-waves that move against the trend in a sideways fashion.

These triangles can be symmetrical, descending, ascending, or expanding.

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