Elliot Wave Cheat Sheet
Short Description
Elliot Wave Cheat Sheet Patterns Rules...
Description
Elliott Rules Does it have sufficient historical data? Does it pass the “Clean Elliott Wave Look and Feel Test”? Does the Long Term count start at an appropriate place with an acceptable rating? Do the first two charts (long term and medium term) synchronize? Can interchange with:- LD & ED
r o M D I
3
w2 O/L O/L w4 w2 < w1 w1 w3 > w2 w2 w3 > w1 or w5 w5
M I
w5 ≥ 0.7*w .7*w4 4
L
0 0
0
0
0 42
0
0
0 0
0
0
8
1 40 10 0
0
0
0
w3 - 100 0
0
0
0
0
0
0
0
w4 -
0
2 3 32
3
1 48 8
0
5
5
7
0
0
0
0
0
0
0 0
w5 - 93 0
0 0
0
M o r I L D
LD E D Z Z D Z T Z F L D 3 T 3 C T ET
IM
0
0
0 30
6
2
wC - 82/100 82/100 0 18/0 18/0 0
0
0
0
0
0
0
40 12 0/9 8
3
0
0 0
0 0
0 0
FL
.5*w4 w5 ≥ 0.5*w4
Cor - Cor – Cor – Cor - Cor
ED
Ending Diagonal
0
0
A n y C
A
C T3 CT E T IM LD E D Z Z D Z T Z F L D 3 T3
Can interchange with:ZZ & TZ
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
X
0
0
0
0
0 45 14
5 24 11 0
0
0
0
0
6 10 15 0
0
0
0
0
0
53
16
wC-74/100 0 26/0 0
0
D3
W
N o t A n ▲ y C ,
Z Z
W
Y
wXX wXX < wY
Y
wZ ≥ wXX
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 13 10
T3N
wC O/L wA
N o A n t D y C x , T x
wX ≥ 0.5*wW wY > wX
t ▲ o W N
Z Z
wXX ≥ 0.5*wY
Cor – Cor – Cor – Cor - Cor
Y
Can interchange with:FL, D3, ET & CT
N A o t n D y C x , T x
x , y C x T n A D , t ▲ o N
Cor – Co C or – Co C or - Cor - Cor
wZ > wXX
Tri Triple Zigzag zag
Double 3 XX
N A o t n D y C x T x C , , T y x x A n D ,
x , T x
y C A n t E T N o
0.5*wA ≤ wB < 2*wA
Cor – Cor – Cor Y
X
o A t n ▲ y , C D
XX
Z Z
C
X
x y C x T , A n D , t ▲ N o
CT ET IMLD ED ZZ DZ TZ F L D 3 T 3 CT
Can interchange with:ZZ & DZ
y C T n A t E N o
Flat
W
Cor – Cor – Cor
X
Z Z
0 0
D x , T x
Double Zigzag TZ
0
Cor – Cor – Imp
Can interchange with:FL, T3, CT & ET
Z Z
y C A n t E T N o
o r I M E D
A
wB - 0
wA -
Zigzag
wC O/L wA
LD ED ZZ DZ TZ FL D3 T3 CTET
IM
Imp – Cor – Imp
0.5*wA ≤ wB < 2*wA
y C A n o t ▲ N
I M o r E D
wB < wA wB 0.7*wB wC > 0.7*
B
Can interchange with:D3, T3, CT & ET
B y C A n
wY ≥ wX
w2 w3 > w2 w3 > w1 or w5
Leading Diagonal
wA - 93/100 93/100 7/0 0 wB -
wX < wW wW
w2 < w1
Sideways Can interchange with:DZ & TZ
wY ≥ wX
4
2
Imp Imp - Cor – Imp Imp – Cor - Imp Imp
Sharps
wX < wW
C
.5*w4 w5 ≥ 0.5*w4
LD
5
O/L w4 w2 O/L
w3 > w2
0
Z D Z , T A Z n Z r y O
▲
w3 > w1 or w5
Impulse
DZ
w1 w2 < w1
3
Z D Z , T Z r Z O
A N n o y t C
Z D Z , T Z r Z O
w2 O/L w4
2
Imp Imp – Cor C or – Imp Imp – Cor C or - Imp Imp
ZZ
1
4
▲
IMLDED ZZDZTZ FL D3T3CT ET
2w2 -
IM
r o M I D
Can interchange interchange with: with:-- IM & LD Appear: Appear:-- w5 of IM
5
r o D M E I
A n y C
M I
A N n o t y C
L
w1 - 93 7
3
1
4
1 A n o r N y o M D t ▲ C I
Can interchange interchange with with::- IM & ED Appear:Appear:- w1 of IM (only (only rising) rising)
5
E
A n y C
1) Wave 2 does not fall below the starting price of wave 1. 2) Wave 3 is not the shortest wave by price movement when compared to wave 1 and wave 5. 3) Wave 4 does not overlap the range of wave 1.
Z
Tri Triple 3
Z
Tri Triangles CT
B Z Z , o D r x F , T L x ,
A
x T x , D ,
A N n o t y C ▲
Z Z
D C y ▲ t A n o N
C
Cor – Co C or – Co C or - Cor - Cor
Contracting Triangle
Can interchange with:FL, D3, T3 & ET Z Appear App ear::- @ any C Z , D wE of CT O r x , C T 0.2*wD ≤ wE < wD T x , wE O/L wA
wA or wB = Max
E
ZZ DZ TZ T Z FL wA - 63/51 22 9 wB - 62/69 25 10 wC - 70/66 15 6
D3 T3 T3 CT CT ET
9/16
0
0
0
0
0
0
0
0
0
9/5 4/6 4/6 0/1 0/1 0
0
wD - 82/71 11 2 3/14 3/14 2/4 wE - 83/86 83/86 12 2
0
0
0
0
0
0
1
0
D
ETZ
B
Z
, D x , T x
x T , x D ,
Z Z
A
Z Z ,
D x , T x
T x x , D Z , Z
Can interchange with:FL, D3, T3 & CT wB < wC ≤ 2.5*wB
Z Z
C
Cor – Co C or – Co C or - Cor - Cor
Expanding Triangle
wC < wD ≤ 2.5*wC
,
wD < wE ≤ 2.5*wD
D x , T x
wA or wB = Min
E
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