Elliott Rules

Alternation
Wave2 Wave4 Combined % Sharp Sideways 86% Sideways Sharp 22%

Wave2 Wave4 % of Total 1) Wave 2 does not fall below the starting price of wave 1. Sharp Sharp 8.7% 2) Wave 3 is not the shortest wave by price movement Sharp Sideways 53.6% when compared to wave 1 and wave 5. Sideways Sharp 8.2% 3) Wave 4 does not overlap the range of wave 1. Sideways Sideways 29.6% Alternating 61.8%
Can interchange with:- LD & ED w2 O/L w4 w2 < w1 w3 > w2 w3 > w1 or w5 w5 ≥ 0.7*w4
IM E D or

ZZ , Or DZ TZ

An y

1
yC An t ▲ No

IM

C

IM

ZZ , O r DZ TZ

IM LD or

1
C y An ot ▲ N
IM L D or
w1 2 w2 -

4

4
w2 O/L w4 w2 < w1 w3 > w2 w3 > w1 or w5 w5 ≥ 0.5*w4

IM

IM LD ED ZZ DZ TZ FL D3 T3 CT ET 93 7 0 0 0 0 0 0 0 0 0 0 0 0 42 8 1 40 10 0 0 0 w3 - 100 0 0 0 0 0 0 0 0 0 0 - 0 0 0 32 3 1 48 8 0 5 5 w4 w5 - 93 0 7 0 0 0 0 0 0 0 0

2

2

Imp – Cor – Imp – Cor - Imp

LD

w2 O/L w4 w2 < w1 w3 > w2 w3 > w1 or w5 w5 ≥ 0.5*w4

Imp - Cor – Imp – Cor - Imp

Impulse

Leading Diagonal
Sideways
FL

ED

Cor - Cor – Cor – Cor - Cor

Ending Diagonal

Sharps
ZZ
IM LD ED ZZ DZ TZ FL D3 T3 CT ET Can interchange with:wA - 93/100 7/0 0 0 0 0 0 0 0 0 0 DZ & TZ 0 0 30 6 2 40 12 0/9 8 3 wB - 0 wC - 82/100 0 18/0 0 0 0 0 0 0 0 0

Can interchange with:D3, T3, CT & ET

B

0.5*wA ≤ wB < 2*wA wC O/L wA

B
y An C

wB < wA wC > 0.7*wB

IM or ED

yC An t ▲ No

or IM ED

Imp – Cor – Imp

A

Zigzag

C
IM LD ED ZZ DZ TZ FL D3 T3 CT ET wW - 0 0 0 100 0 0 0 0 0 0 0 wX - 0 0 0 24 5 1 55 10 0 5 0 wY - 0 0 0 100 0 0 0 0 0 0 0

IM LD ED ZZ DZ TZ FL D3 T3 CT ET 0 0 45 14 5 24 11 0 0 0 wA - 0 0 0 53 16 6 10 15 0 0 0 wB - 0 wC-74/100 0 26/0 0 0 0 0 0 0 0 0

A

Cor – Cor – Imp

Flat
X
N o An tD yC x, Tx

DZ

Can interchange with:ZZ & TZ

D3

X
ZZ

No A t ▲ ny ,D C x, Tx

Can interchange with:FL, T3, CT & ET

0.5*wA ≤ wB < 2*wA wC O/L wA wX ≥ 0.5*wW wY > wX

yC An t ET No
wX < wW wY ≥ wX

ZZ

N

y C Tx An , D x , ▲ ot

W
IM LD ED ZZ DZ TZ FL D3 T3 CT ET wW - 0 0 0 18 0 0 82 0 0 0 0 wX - 0 0 0 52 0 0 48 0 0 0 0 wY - 0 0 0 55 0 0 22 0 0 13 10

W

Cor – Cor – Cor

Cor – Cor – Cor Y

Double Zigzag
TZ
ZZ
wX < wW wY ≥ wX
wXX < wY wZ ≥ wXX

Y
Can interchange with:ZZ & DZ

Double 3
XX
Can interchange with:FL, D3, ET & CT

X
yC T An t E No ZZ

T3
x yC ,T An , Dx t▲ No

X
y C Tx An Dx, t No
ot A n ▲ yC ,D x, Tx

XX
yC An t ET No
ZZ

W

W
wXX ≥ 0.5*wY wZ > wXX

Y

Y

x y C x, T An , D t▲ No

N

Cor – Cor – Cor – Cor - Cor

Cor – Cor – Cor - Cor - Cor

Z

Triple Zigzag
B

Z
Can interchange with:FL, D3, T3 & ET Appear:- w4 of IM wB of ZZ wE of CT 0.2*wD ≤ wE < wD wE O/L wA wA or wB = Max
D3 T3 CT ET 0 0 0 0 0 0 0 0 4/6 0/1 0 0 2/4 0 0 0 0 0 1 0

Triple 3
ET
ZZ ,D x, T x

Triangles
CT
,D

D B
x Dx ,T
x, Tx
,D ZZ

D
yC An t ▲ No

Can interchange with:FL, D3, T3 & CT wB < wC ≤ 2.5*wB wC < wD ≤ 2.5*wC wD < wE ≤ 2.5*wD wA or wB = Min

x, T

x

A No n y C t▲

ZZ ,D

ZZ

ZZ ,

Cor – Cor – Cor - Cor - Cor

A

C

Contracting Triangle

ZZ DZ TZ FL wA - 63/51 22 9 9/16 wB - 62/69 25 10 0 wC - 70/66 15 6 9/5 wD - 82/71 11 2 3/14 wE - 83/86 12 2 0

E

A

C

Cor – Cor – Cor - Cor - Cor

Expanding Triangle

E

ZZ Or , DZ TZ

1
y An
C y An o t ▲ N

IM o ED r

3

5

Can interchange with:- IM & ED Appear:- w1 of IM (only rising)

3

5

Can interchange with:- IM & LD Appear:- w5 of IM

3
An yC

5

C

4

IM D L or
x x, T ,D ZZ r FL o ,

y An C

C

y C Tx An Dx, t No

, Tx x, ,D T ZZ Or C

ZZ

T x, x

,D x, T x

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