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The Basics of Elliott Wave Analysis

 "#  $ ,  Patterns of Movement or Waves        11     
. "# '( $ ) * +( - Next Larger Degree –  #&      . 

:: " $ ) *, -./   ::

Degree & Time Frame
  " $ ) *
" ‫ا! ا‬ ‫ا! ا دﻥ‬
0- SubMicro (&) (‫ی‬+
‫ا‬ ‫'&ت‬ #$‫ د‬%
1- Micro (‫ی‬+
‫ا‬ ‫إ أیم‬ ‫ ﺱ&ت‬%
2- Subminuette (&1‫ری( ا‬3‫ا‬ 0‫ﺱ‬ ‫ أیم‬%
3- Minuette (‫ری‬3‫ا‬ + ‫ أیم‬%
4- Minute (4‫ا‬ + 0‫ أﺱ‬%
5- Minor (‫ی‬6‫ﻥ‬7‫ا‬ +‫ أ‬3 ‫إ‬ 0‫ أﺱ‬%
6- Intermediate (‫ﺱ‬6‫ا‬ +‫ أ‬3 ‫إ‬ +‫ أ‬%
7- Primary (‫ا ﺱﺱ‬ ‫ات‬6' +‫ أ‬%
8- Cycle (‫اوری‬ ‫ات‬6' +‫ أ‬3 %
9- Supercycle 9‫اوری( ا‬ ‫ات‬6' (‫ ﺱ‬%
10- Grand Supercycle :9‫اوری( ا‬ 7‫أو أآ‬ ‫د‬64&

Elliott Wave :   ::

1,2,3,4,5  0(   :/ 

. NLD  #&  1 $/  $2

A,B,C  3+4   :   

. NLD  #&  1 0  $2

  &   

(Actionary) 6  :5)/ 
IM Impulse 5-3-5-3-5  
 IM 1
LD Leading Diagonal 57 5 7 $*( # 

  
 LD 2
Ending Diagonal 5-3-5-3-5   
 3
ED 3-3-3-3-3 ED
(Re-actionary) 5  :  
ZZ Zigzag A=5, B=3, C=5 
 
 ZZ 4
DZ Double Zigzag w-x-y  (
) 
 
 DZ 5
TZ Triple Zigzag w- x- y- xx- z  
 
 TZ 6
FL Flat A=3, B=3, C=5 
 
 FL 7
D3 Double Sideways 4+4   
  
 D3 8
Triple Sideways  * 
  
 9
T3 T3
CT Contracting Triangle A ,B ,C ,D , E  
 
 
 CT 10
Expanding Triangle 3-3-3-3-3 

 
 
 11
ET ET

6#   0 8

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( Impulses - Fundamental Elliott Wave Pattern )   $&   : /  1

. 4 , 2 :
    5 , 3 ,1 :/  3+4   

( IM ) : /     7 ::

. LD  *7  IM /   : 1  (1
. Triangle 44       : 2  (2
" $  /  :  2 
  : ;#  < (3
. 1   %100 #
. IM /   ,3     > (4
. # 2   * 3    > (5
.   $/ 5,1   7 3     < (6
.      :     :4  (7
 < : . 2   4  ( <  > (8
. 2  #  # $ , 5   .*  $/
. ED 6( *7  IM /   : 5  (9
. # 4  *  %70  5  * . <  > (10

: / # (  . ::

( Alternation ) :   >7 1
[ ZZ – DZ – TZ ] : ( Sharp corrective ) 5    : 2    
[ Flat – D3 – T3 ] : ( sideways corrective ) /     : 4   >? @/
. 5 : 4  @/ $# , /  : 2     ..
  0

( Extension ) :   2

A? ( /   3 ... 5, 3, 1  *./ 5   $/  3 
.  9   /     / . B&   B)+ A*  7 06
. 5 5    C7 / : * $/  3, 1     
( 3 4& ) . 1  * $/ # *#  5  @/ , 5 3     

. :( 5   ( 5  : ( 

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( Truncation ) :  E*.  3

. 3  " G# , 5  / F #

. 3  " :  "/ . 5   # E*. < 3   H

_________________________________________________________________________

. 5)/    & E  , IM /  '(   $"  "# 

. *.  8 J 

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: *.  2
5-3-5-3-5 : *  ( LD ) :  *7 (1
[     " ] 3-3-3-3-3 : *  ( ED ) : 6( *7 (2
: *.   '(
.  #&  5 06 $/  1
5, 4, 3, 2, 1 /  0(   2
. 4 $ 2  $ 4 .. 3 $ 1  & *( B :57 5 7 $*( # *.  M  3

( LD & ED ) : *.     7 ::

. 57 5 7 $*( #    #< 1
. LD  *7  IM /     #< , LD & *.   1  2
. ( ZZ, DZ, TZ )      .. 5 ,3 ,1    #< , ED 6( *.  $/ 3
. Triangle 44  ..     :&   2  4
.  $/ 1   # 2   <  > 5
. IM /   , LD & *.   3    > 6
. # 2   # 3    > 7
.      :   : 4  8
- B" . 5   .*  $/  : . 2  C 4  (  > 9
. ED 6( *7    IM /    #< : 5  10
.  $/ 4  *  %50 7& $ 5  *   > 11
. 5 ,1 # " .      $/  7 $2 3 J  <  > 12

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5)/   $"  "#

( Re-actionary )     $/ # 8
5–3-5 ( Zigzag – ZZ ) :   3
. A , B, C  3+4   .   0 $/  .     " 

( zz ) :      7 ::

. LD  *7   IM /  : A  (1
. Triangle 44  < .. *./ 4+4      : B     (2
.  / $/ A   7 B    > (3
. ED 6( *7  IM /   : C  (4
. LD  *7 A     , ED 6( *7   C     < (5

5    

*#2    

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( DZ & TZ ) : 4+4 N 4   4

. X $ 7     *# *# ,     3+4    

. W , X , Y : *  (H 

( DZ & TZ ) : 4+4 N 4 6O      7 ::

. zz    : w  1
ET 5 44      :&  : x  2
. # w   ? x    > 3
. zz    Y    > 4
. x  :   * Y  5
. Expanding Triangle 5 44      : : xx  6
. # Y   ? xx  7
zz    : z  8
. xx  :   # Z    > 9

( DZ ) N 4  

( TZ ) 4+4  

"6O      $"  "#

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( Flat ) :  *  5

A , B, C    , 3-3-5 # '( * 

.     A : 3

( FL ) :  *     7 ::

.     :&  : A  1
. Triangle 44      :&  : B  2
. # A   %50 7& $ B  
  > 3
. ( Q  P  *   $/ ) . A   200% # 4 B    > 4
. ED 6( *7   , IM /     : C  5
. # A   300%  3+4# # C   <  > 6
. 5   .*  $/ A , C  M  > 7

:  3+4  *  (H

( regular flat ) : Q   *  (1)
. A  " :   C  $"  .. A  # :   B  $"  3

( Irregular flat ) : Q  P  *  (2)

. A  " : # C  $"  , A  # : # B  $"  3

( Running flat ) : .  *  (3)

. A  " : G# #7 C  $"  , A  # : # B  $"  3

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( Double and Triple Sideways – D3 & T3 ) : 4+4 N 4 /   5

. xx , x 5.     *# *# ,  *  3+4    

. 4+4 W, X, Y, XX, Z ... N 4 W, x, Y *  (H

( D3 & T3 ) : 4+4 N 4 /      7 ::

. 4+4 N 4 6O  44      :&  : W  1
. 4+4 N 4 6O  44      :&  : X  2
. "  %400 4& $ W   %50 7& $
 X  3
. 4+4 N 4 6O      :&  : Y  4
. Triangle 44    < .. X   * Y    > 5
. 4+4 N 4 6O  44      :&  : XX  6
. "  %400 4& $ W   %50 7& $
 XX  7
. XX  :   * Z    > 8
. 4+4 N 4 6O  44      :&  : Z  9
.  :(& $2 Z     +/ , (ZZ)  Y     

"/O  *  $"  "#

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( Expanding and Contracting Triangle – ET & CT ) : 5 57 44  5

.       : 3-3-3-3-3 *  (H .. A , B, C, D, E  0(  

. D $ B  $ 4 *( C $ A  & *( B : 5 7 $*( #  

57 44   : "" $/ *( $#. 
5 44   : "" $/ *( #  

( CT ) : 57 44     7 – A

. ( ZZ, DZ, TZ, Flat ) C#  5   : A  1
. ( ZZ, DZ, TZ ) 3+4  5   : B  2
. Triangle 44      :&  : C, D  3
. E  " # "*( $. . 57 5 7 $*( #   #< 4
. J :) 0 N   #< (&  , $./ 5 . $*(      5
. D   %20  . < E   , # D  7 E    #< 6
. #  * B  A    > 7
. A   .*  $/ E  $"   #< 8

( ET ) : 5 44     7 – A

. ( ZZ, DZ, TZ ) 3+4  5   : A  1
. C   %40  . <  $ , C   7 B  2
. ""  # 5 7 $*( (  M  3
. D   %40  . <  $ , D   7 C  4
.  (& $./ *(      . A  # #7 C*. $/ 5 . $*( A*   > 5
. # E   %40  . < D  . # D   # E    > 6
. A   .*  ( $"  E   . #  7 B  A  7

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:  3+4 .. 57 44  (H 

( Symmetrical Triangle ) #  44 (1
( Descending Triangle ) *#" 44 (2
( Ascending Triangle ) 5 44 (3

:    (H 5 44   

( Reverse Symmetrical Triangle )  #  44 (1

    $"  "#

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( Channeling & Waves Target ) :  F2   . 1

(IM) ( /   (DZ& ZZ)    ( CT & ET ) 44 
.     .# -)   4 
.   $/ Q    #< ,  5 . **( M"  : 3  , .#       C7  @/ 
.  1"  5 7 44  *.  $/ 57 5 . #  

: C  3  F2 (A
: : *( 
A  1 *.   :) *(
 A( B @/ . 3  F" $ &   F
. J   )  : *( 3
. C  "  $ "   /
: *(  # >2  #P :7& $2 3  &
B  2 $ 0  B *( : :. *( 
.   
  F7 :  #
. 3, C     S  . B  2    . > M 2  $  "/ . 7( B @/

: 4  F2 (B
3 $ 1  B *( :: *( 
2 *.   :) *( ::. *( 
    C . 4  F" $ &   4
. *( " NO
:. *(   4  )  
.  5 57 $ S# "/
5    . - 3  $/  )   /
. . (  $/ :7 

: 5  F2 (C
 3  :$& .* – 1
4 $ 2  B *( : :. *( 
3 *.   B :) *( :: *( 
5 . : *( # 5  6 #P
:  $/ <
3  FO (1
5 (    $/ (2
Volume  B S *# A( H
Momentum / 5. B() S

( Throw-over ) ** : A( 57 **

. A( S F4  B

 M  . 5 3  :  4 .* – 2

4 $ 2  B *( : :. *( 
1 *.   B :) *( :: *( 
. 44  C*.  #<

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: E   D  F2 (D

B $ 0  B : : *(
. "/2   $/  M D  0+  #<

C $ A  B ::. *(
. :. *( 0+  #7    E 
. # "/2 ) J7(  -O 
.     7S Q A( 2 

( DZ ) :  N 4  F2 (E

. 5 . A( : 3  < 5 . $*(#   B)

 $/ " # 76 5 . B  #< M . /  0#
.   $&

 5 . B(@#  F2   $"  "#

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