Elliott Wave Glossary

Elliott Wave Glossary

Zigzag Guidelines

Key guidelines for identifying and measuring zigzags: wave B retracement range, wave C target ratios, alternation in double zigzags.
Elliott Wave Glossary

Triangle Sub-wave Structure

Each of the five sub-waves (A–E) in a triangle is a 3-wave corrective structure. Wave A may not be a triangle; waves B–E may be any corrective form including a triangle. The E wave commonly overshoots
Elliott Wave Glossary

Triangle: Position, Thrust, and Guidelines

Triangles appear as the second-to-last wave in a sequence (wave 4 or wave B). After completion, a swift thrust occurs in the direction of the larger trend. Thrust target ≈ widest span of the triangle.
Elliott Wave Glossary

Double Zigzag vs. Double Three: Key Differences

Both are W-X-Y structures, but their roles differ fundamentally. Double zigzag: price-correcting (Y extends beyond W). Double three: time-correcting (Y does not significantly extend beyond W). Whether
Elliott Wave Glossary

Rules of Double Three & Triple Three (5 Rules)

Five absolute rules governing the sub-waves of double three and triple three combinations. Violations invalidate the count.
Elliott Wave Glossary

Combination Wave Guidelines and Fibonacci Ratios

Fibonacci ratio guidelines for double three and triple three: X wave retracement, Y wave size relative to W, price targets. Different guidelines apply to double zigzags vs. combinations.
Elliott Wave Glossary

Sub-wave Guide: Impulse Waves (Waves 1–5)

A reference guide for what corrective forms can appear as wave 2 and wave 4 in an impulse, and what motive forms appear as waves 1, 3, and 5.
Elliott Wave Glossary

Sub-wave Guide: Zigzag, Flat, and Triangle

Reference guide for sub-wave forms within zigzags (A, B, C waves), flats (A, B, C waves), and triangles (A, B, C, D, E waves). Includes sub-wave frequencies for each position.
Elliott Wave Glossary

Degree (Wave Hierarchy)

The term 'degree' refers to the size classification of a wave within the Elliott Wave hierarchy. Used in expressions like 'Primary-degree wave 3' or 'one degree higher.' Equivalent to 'wave hierarchy
Elliott Wave Glossary

Ending Diagonal

A diagonal that appears as wave 5 of an impulse or wave C of a correction. Signals exhaustion of the trend. Followed by a sharp and deep reversal.