Case Studies:
The best way to understand how this pattern works is to study collection of charts with real life examples.
- Subscribe Now and Start Learning
Corrective Structures.
DOUBLE THREE W-X-Y
Double Three is a combination of two different corrective patterns. It could be composed of the Regular Flat and the Simple Zig-Zag structure connected to each other with another wave structured as a-b-c. That type of corrections is considered a “complex” type of correction. The ultimate goal of that correction is to cool down bulls after a strong rally or bears after strong decline in preceding impulsive wave. Price just keeps bouncing up and down in directionless way annoying traders and creating that sense of boredom. After completion of that pattern price resumes its move in direction of the main trend.
MAIN FEATURES
- Double Three is a combination of two different corrective patterns
- We label the first corrective a-b-c pattern as wave W
- We label the second corrective a-b-c structure as wave Y
- We label a corrective a-b-c structure that connects waves W and Y as wave X
- Introduction to Section 6 “Corrective Waves”.
- Simple Zig-Zag.
- Correction shaped as a Simple Zig-Zag.
- Regular Flat.
- Bonus: Trading corrective waves shaped as a Regular Flat.
- Running Flat.
- Expanded Flat.
- Correction Shaped as a Triangle.
- Bonus: Triangle can play dirty tricky games.
- Triangle: Key Takeaways.
- Wave B is the least predictable beast.
- Bonus.Wave B explained.
- Two types of corrective structures: “through time” vs “throw price”.
- Complex Corrective Pattern: Double Three.
- Guidance on Alternation Between Corrective Waves