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.
Description
Fibonacci ratio guidelines for combination corrective waves provide price targets for Y and Z waves and help identify X wave completion. These are guidelines (tendencies), not absolute rules.
Key Points
- X wave retracement (double three/combination): often retraces back near the start of W (analogous to flat B wave); no strict minimum, varies by sub-type
- Y wave size (combination): typically 100% of W (equal length); sometimes 61.8% or 161.8%
- Y wave endpoint (combination): tends to end near the start of W (±0–20%) — the sideways nature keeps price in the same range
- Double zigzag Y wave: 100%, 61.8%, or 161.8% of W; Y endpoint exceeds W endpoint
- Triple three Z wave: typically 100% or 61.8% of Y; overall pattern remains in the same price zone as W
- Time characteristic: combinations take significantly longer than single corrective patterns — the time is the primary output
- Pattern tendency: zigzag + triangle (most common combination) — W corrects sharply, then X, then triangle for extended time correction before the next impulse
