Elliott Rules
Alternation
Wave2 Wave4 Combined % Sharp Sideways 86% Sideways Sharp 22%
Wave2 Wave4 % of Total 1) Wave 2 does not fall below the starting price of wave 1. Sharp Sharp 8.7% 2) Wave 3 is not the shortest wave by price movement Sharp Sideways 53.6% when compared to wave 1 and wave 5. Sideways Sharp 8.2% 3) Wave 4 does not overlap the range of wave 1. Sideways Sideways 29.6% Alternating 61.8%
Can interchange with:- LD & ED w2 O/L w4 w2 < w1 w3 > w2 w3 > w1 or w5 w5 0.7*w4
IM E D or
ZZ , Or DZ TZ
An y
1
yC An t No
IM
IM
ZZ , O r DZ TZ
IM LD or
1
C y An ot N
IM L D or
w1 2 w2 -
4
w2 O/L w4 w2 < w1 w3 > w2 w3 > w1 or w5 w5 0.5*w4
IM
IM LD ED ZZ DZ TZ FL D3 T3 CT ET 93 7 0 0 0 0 0 0 0 0 0 0 0 0 42 8 1 40 10 0 0 0 w3 - 100 0 0 0 0 0 0 0 0 0 0 - 0 0 0 32 3 1 48 8 0 5 5 w4 w5 - 93 0 7 0 0 0 0 0 0 0 0
Imp Cor Imp Cor - Imp
LD
w2 O/L w4 w2 < w1 w3 > w2 w3 > w1 or w5 w5 0.5*w4
Imp - Cor Imp Cor - Imp
Impulse
Leading Diagonal
Sideways
FL
ED
Cor - Cor Cor Cor - Cor
Ending Diagonal
Sharps
ZZ
IM LD ED ZZ DZ TZ FL D3 T3 CT ET Can interchange with:wA - 93/100 7/0 0 0 0 0 0 0 0 0 0 DZ & TZ 0 0 30 6 2 40 12 0/9 8 3 wB - 0 wC - 82/100 0 18/0 0 0 0 0 0 0 0 0
Can interchange with:D3, T3, CT & ET
0.5*wA wB < 2*wA wC O/L wA
B
y An C
wB < wA wC > 0.7*wB
IM or ED
yC An t No
or IM ED
Imp Cor Imp
Zigzag
C
IM LD ED ZZ DZ TZ FL D3 T3 CT ET wW - 0 0 0 100 0 0 0 0 0 0 0 wX - 0 0 0 24 5 1 55 10 0 5 0 wY - 0 0 0 100 0 0 0 0 0 0 0
IM LD ED ZZ DZ TZ FL D3 T3 CT ET 0 0 45 14 5 24 11 0 0 0 wA - 0 0 0 53 16 6 10 15 0 0 0 wB - 0 wC-74/100 0 26/0 0 0 0 0 0 0 0 0
Cor Cor Imp
Flat
X
N o An tD yC x, Tx
DZ
Can interchange with:ZZ & TZ
D3
X
ZZ
No A t ny ,D C x, Tx
Can interchange with:FL, T3, CT & ET
0.5*wA wB < 2*wA wC O/L wA wX 0.5*wW wY > wX
yC An t ET No
wX < wW wY wX
ZZ
y C Tx An , D x , ot
W
IM LD ED ZZ DZ TZ FL D3 T3 CT ET wW - 0 0 0 18 0 0 82 0 0 0 0 wX - 0 0 0 52 0 0 48 0 0 0 0 wY - 0 0 0 55 0 0 22 0 0 13 10
Cor Cor Cor
Cor Cor Cor Y
Double Zigzag
TZ
ZZ
wX < wW wY wX
wXX < wY wZ wXX
Y
Can interchange with:ZZ & DZ
Double 3
XX
Can interchange with:FL, D3, ET & CT
X
yC T An t E No ZZ
T3
x yC ,T An , Dx t No
X
y C Tx An Dx, t No
ot A n yC ,D x, Tx
XX
yC An t ET No
ZZ
W
wXX 0.5*wY wZ > wXX
x y C x, T An , D t No
Cor Cor Cor Cor - Cor
Cor Cor Cor - Cor - Cor
Triple Zigzag
B
Z
Can interchange with:FL, D3, T3 & ET Appear:- w4 of IM wB of ZZ wE of CT 0.2*wD wE < wD wE O/L wA wA or wB = Max
D3 T3 CT ET 0 0 0 0 0 0 0 0 4/6 0/1 0 0 2/4 0 0 0 0 0 1 0
Triple 3
ET
ZZ ,D x, T x
Triangles
CT
,D
D B
x Dx ,T
x, Tx
,D ZZ
D
yC An t No
Can interchange with:FL, D3, T3 & CT wB < wC 2.5*wB wC < wD 2.5*wC wD < wE 2.5*wD wA or wB = Min
x, T
A No n y C t
ZZ ,D
ZZ
ZZ ,
Cor Cor Cor - Cor - Cor
Contracting Triangle
ZZ DZ TZ FL wA - 63/51 22 9 9/16 wB - 62/69 25 10 0 wC - 70/66 15 6 9/5 wD - 82/71 11 2 3/14 wE - 83/86 12 2 0
Cor Cor Cor - Cor - Cor
Expanding Triangle
ZZ Or , DZ TZ
1
y An
C y An o t N
IM o ED r
Can interchange with:- IM & ED Appear:- w1 of IM (only rising)
Can interchange with:- IM & LD Appear:- w5 of IM
3
An yC
IM D L or
x x, T ,D ZZ r FL o ,
y An C
y C Tx An Dx, t No
, Tx x, ,D T ZZ Or C
ZZ
T x, x
,D x, T x
