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Elliott Wave
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1930 1940
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11 .
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5 .
5 12345
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)( 3
3 5 .
A,B,C .
5
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3
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5
3 .
1 .
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2 .
) (1
5 .
) (1 12345
A,B,C .
2345 .
] [1
] [2 .
5
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2 4
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3
" " Zig Zag","Flat","triangle","Double sideway.

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2 3 .

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""SIMPLE

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S&P,NASDAQ,CURRENCIES
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" 11 "
Impulsive or Motive Waves - Moving with the Larger Trend

.1 : )(IMPULSE

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5 12345 .

).2 Diagonal also known as a Diagonal Triangle: Leading (LD


)and Ending (ED
Ending Diagonal

5 12345
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13
24 .
) Leading diagonal(LD
) Ending Diagonal(ED .

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Ending Diagonal

:
Corrective Waves - Moving Against the Larger Trend

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3 5 .
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Zigzag:
:
3 A,B,C .
. .

Double and Triple Zigzags (DZ and TZ):


:
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X .

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) ( .
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Double zigzag X-Y-Z . Double zigzag
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:
Flat (FL):

3 A,B,C .
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:
Double and Triple Sideways:

Double Sideways
) Double 3's ( Triple 3's
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X
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W-X-Y .
W-X-Y-XX-Z
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:
Triangle (CT and ET):
5 A,B,C,D,E.
.
. A C B D
.
)() (CT
)()(ET
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.
) (ET .
)CT=Contracting Triangle
ET=Expanding Triangle

Contracting Triangle

Degree or Time Frame:

:
.
0) Submicro minutes to hours
1) Micro - hours to days
2) Subminuette - days to weeks
3) Minuette - days to months
4) Minute - weeks to months
5) Minor - weeks to quarters
6) Intermediate - months to quarters
7) Primary - months to years
8) Cycle - quarters to years
9) Supercycle - years
10) Grand Supercycle decades or longer
-0
-1
-2
-3
-4
-5
-6
-7
1/4-8 ) 3(
-9
-10

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Research Results

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2 :
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-2

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From Theory to Science


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Impulse

:
-1 2 1 .
-2 3 1 5 .
-3 4 2 .
-4 5 %1 %100 .
Elliott and Fibonacci

...%62%50%38:

2 1 :

2 %38 1 .

Predictive Power of Each Elliott Wave

:



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Impulses the Fundamental Elliott Wave Pattern


:

Impulse
5
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1 5
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2 .
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/

The most common shape for a rising Impulse


The most common shape for a falling Impulse
:

) (1H,. ) (
.
.
) ( W2/W1 2 %25 %65 1
.

%60 2 1
.
%20 %90
.

The Elliott rules for an Impulse are:


:

.1 1
.2 2
.3 2 %100 1 .
.4 3 ) (Impulse.
.5 3 2
) (
.6 4 .
.7 2 4 . .
.8 5 ) (Impulse (Ending Diagonal)ED.
.9 5 %70 4 .
.10 3 1 5 .
Rule of Alternation:

:
) (Impulse 2 4
) ( .
.
Zigzag,Triple zig zag,Double zig
zag.
Flat,Triple 3,Double 3.
:
2 ) (Sharp 4
.
2 4 .
.

.
2 4 )(86%
2 4 (78%).

Diagonal Triangle
Diagonals the only other Elliott pattern to move with the
larger trend:

Example of an Ending Diagonal


:
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:
.1 .
.2 1 .
.3 135 .
.4 2
.5 2 1 .
.6 3 ) (Impulse.
.7 3 2 .
.8 4 .
.9 2 4 ) 2 4 (.
.10 5 .
.11 5 %50 4 .
.12 3 1 5 .

:
Zigzag

Zigzag correction

3 A,B,C
. .

The most common shape for a rising Zigzag


The most common shape for a falling Zigzag

Rules for Zigzags:

:
.1 A ) (Impulse Leading Diagonal.
.2 B ) (Corrective.
.3 B A .
.4 C ) (Impulse Ending Diagonal.
.5 A Leading Diagonal C Ending
Diagonal.
:
Double and Triple Zigzags


.
Double3 , Triple 3 .

Sharp family of pattern .
.
Double Zigzag

Double zig zag


X
.
Triple Zigzag


" "X" "XX .
The most common shape for a rising Double Zigzag

The most common shape for a falling Double Zigzag

Triple Zigzag

The most common shape for a rising Triple Zigzag


The most common shape for a falling Triple Zigzag

Rules for Double and Triple Zigzags:

:
.1 W .
.2 X Expanding
Triangle
.3 X W.
.4 Y .
.5 Y X .
.6 XX Expanding
Triangle
.7 XX Y .
.8 Z .
.9 Z XX .
Flat
:
.

. Flat
)( .
.

The most common shape for a rising Flat

The most common shape for a falling Flat


Rules for Flats:
:

.1 A .
.2 B Triangle
.3 B %50 A ) (.
.4 B 2 A .
.5 C ) (Impulse Ending Diagonal.
.6 C 3 A .
.7 C 2 A,B.
.8 C A ) C A (.

Double and Triple Sideways Patterns


:
2
. Double falt,Triple flat .
Double3,Triple 3 .
Double sideway Triple sideway
.

Triple 3 .
The most common shape for a rising Double Zigzag

The most common shape for a falling Double Zigzag

Triple Sideways

The most common shape for a rising Triple Sideways


The most common shape for a falling Triple Sideways

Rules for Double and Triple Sideways Patterns:

:
.1 W Triangle
Double Triple
.2 X ) (Correction .
Triangle Double Triple
.3 )( %50 X W ). (.
.4 X %400 W ). (.
.5 Y
Double,Triple
.6 Y X Triangle
.
.7 XX Triangle
Double Triple
.8 )( %50 XX Y )(.
.9 )( %400 XX Y ) (.
.10 Z
. Double,Triple Y Z
.
.11 Z XX .
Triangle
:
5 A,B,C,D,E
.
A,C B,D.
. :

Contracting Triangles:
:
.

The most common shape for a rising Contracting Triangle


The most common shape for a falling Contracting Triangle

The Rules for Contracting Triangles are as follows:


:
.1 A
.
.2 B .
.3 C,D Triangle
4.4 A,B,C,D AC
BD.
.5 E .
.6 .
.7 )( .
.8 E Contracting
Triangle.
.9 E D E %20 D
.
.10 A B .
.11 E A)( .
.12 E BD .
Expanding Triangles:
:
.
.

The most common shape for a rising Expanding Triangle

The most common shape for a falling Expanding Triangle


The Rules for Expanding Triangles are as follows:
:
.1 .
.2 B C
%40 C .
.3 A,B,C,D AC
BD.
.4 C D
%40






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