Elliott Wave Basics (Part 3)

03/05/2008 12:00 am EST


There are also corrective patterns that will unfold as combinations of one or more corrective patterns. See the examples below:

The corrective patterns shown in the charts above occur in waves 2 or 4 of corrective wave formations of varying degrees. The drawings show the basic patterns for each simple correction. Corrections can have combinations of simple corrective patterns, however, we will not get into that in this Elliott Wave tutorial. I suggest further study of these patterns and other complex Elliott Wave formations. I will refer to these patterns often in my updates.

More in Part 4 tomorrow. Part 1  |  Part 2  |  Part 4

By Christian Shepard of Shepwave.com