Elliott Wave Glossary

The reactive wave connecting actionary components (W, Y, Z) in compound corrections. Can be any corrective form. Often a zigzag. Considered analogous to the B wave of a flat — usually retraces back ne

Sideways combination corrective waves (W-X-Y for double three; W-X-Y-X-Z for triple three). Price correction ends with wave W; subsequent components (Y, Z) provide time correction without significantl

Triangles are either contracting (boundary lines converge) or expanding (boundary lines diverge). Contracting triangles: symmetrical, ascending, descending. Expanding triangles are rare and have speci

A sideways corrective pattern with five sub-waves (A-B-C-D-E), each of which is a three-wave corrective structure. The boundary lines converge (contracting) or diverge (expanding). Appears as wave 4 o

The three types of flat correction: regular flat (B retraces ~90% of A; C ends near A start), expanded flat (B exceeds A start; C extends beyond A end), running flat (B exceeds A start; C fails to rea

A sideways corrective pattern consisting of A-B-C, subdividing 3-3-5. Wave B retraces most or all of wave A. Three types: regular flat, expanded flat (B beyond A), and running flat (C fails to reach A

A sharp corrective pattern consisting of three waves: A-B-C, subdividing 5-3-5. The most common corrective pattern. Wave B retraces only a portion of wave A; wave C extends beyond wave A.

A diagonal with diverging trendlines — each sub-wave is larger than the previous. Rare. The expanding ending diagonal appears at wave 5; the expanding leading diagonal appears at wave 1.