Elliott Wave Theory: Corrective Waves Position and Alternation

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 Corrective Waves Position and Alternation 
(Zigzag, Flat, Triangle & Combination)



The attached flow chart summarizes the four major corrective wave families in Elliott Wave Theory: Zigzag, Flat, Triangle, and Combination.
  1. Zigzag: Includes Single, Double, and Triple Zigzags. A Single Zigzag has a 5-3-5 structure, while Double and Triple Zigzags connect multiple Zigzags through X waves. Zigzags commonly appear in Wave-2, Wave-4, Wave-B, and other corrective positions.
  2. Flat: Includes Regular, Expanded, and Running Flats, all based on a 3-3-5 structure. Flats can occur in Wave-2, Wave-4, Wave-B, Wave-X, and several combination positions.
  3. Triangle: Includes Contracting, Barrier, Expanding, and Running Triangles, each normally having a 3-3-3-3-3 structure. Triangles commonly occur in Wave-4, Wave-B, Wave-X, and within combinations.
  4. Combination: Includes Double Three and Triple Three, which combine corrective structures using W-X-Y or W-X-Y-X-Z formations.
Overall, corrective waves move against the larger trend and can vary considerably in structure. Alternation is an important guideline: different waves within these patterns may alternate between different corrective forms, helping create variation rather than repetitive structures.

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