Anatomy of Elliott wave, patterns

Elliott wave pattern in impulsive and corrective wave

These pattern also helps to identify counting Elliott wave.

Wave 1 pattern may be

• Extension wave pattern
• impulse 1 patterntern
• impulse 2 pat
• Starting wedge/diagonal type 2

Wave 2 pattern may be

• Sharp correction(zigzag)
• Side way correction( Doubles, tripples, triangle) all these made with zigzag, flat,irregular pattern

Triangle
Where it can be found: Wave 4, but wave 2 some times

Wave 3 pattern

• Extension pattern
• Impulse 1 pattern

Wave 4 pattern

• Side way correction usually occurs
• Some times Sharp correction occurs.
• Lies within parallel lines

Wave 5. patterns

• Impulse 1
• Impulse 2
• Extension pattern
• Truncated
• Ending wedge/diagonal type 1

Truncated/5th wave failure
Where it can be found: Wave 5, C

A wave patterns
It is usually made up of five sub wave, But three sub wave may be found.That is why if we get 3 wave we have to wait till fifth,

• Impulsive wave pattern 2
• Diagonal type 2
• Impulsive triangle may form
• price 38-50% of wave 5
• Here momentum is large, but wave c show small momentum which makes divergence.

B wave pattern

• Flat.Zigzag, Irregular pattern,Double tops,bottoms, tripple tops, bottomx, wave pattern
• WXY,WXYxz pattern

C wave pattern:

      It is consist of five sub wave a=1,b=2,c=3,d=4,e=5
      Wave may overlaped and ateration may occur.

• Diagonal type 1/ Ending wedge
• truncated wave pattern
• Impulse 2 pattern
• Triangle may formed( Flat MACD around zero line)
• 60-162% of wave A
• 160-260% of wave B
• Never >161% of A, if so, counting is wrong
• Rarely >260% of wave B
• Divergence is formed MACD,RSI

Impulse1pattern,
Where It can be found:Wave 1,3,5 and A,C

Diagonal type1/Ending Diagonal/Wedge
Where It can Be found: Wave 5, C

Diagonal type 2/Starting wedge
Where It can be found: Wave 1 and A

Zigzag correction

Triangle

Extension pattern
Where It can be found: Wave 1,3,5 may alterate, usually most common in wave 3

Flat pattern

Impulse 2 pattern
Where It can be found: Wave 1, A and C
Never in wave 3

triangle pattern,
Where It can be found: wave 4(mostly), wave 2 some times, Wave b

Truncated/ 5th wave failure
Where It can be found: wave 5 and C

WXY or combination

double zigzag

Zigzag flat