Guys, I have a few questions about EW terminology. Does anyone know the official answers by Elliott Wave International?
1. Is a Double ZigZag a Double Three, or not?
2. What I mean is: does a Double ZigZag count as "corrective combination"?
According to EWI, this is the definition of a Double Three:
Combination that comprises two corrective wave patterns, labeled W and Y, linked by a
corrective wave pattern labeled X.
So if we go with this definition, a Double ZigZag would be a Double Three, right?
Because a ZigZag is a corrective wave pattern. And a Double ZigZag is pattern comprised of "two corrective wave patterns, labeled W and Y, linked by a corrective wave pattern labeled X - as mentioned in the definition.
Could anyone confirm/disconfirm?
PS: I know this isn't really relevant for trading. But I still want to know.
1. Is a Double ZigZag a Double Three, or not?
2. What I mean is: does a Double ZigZag count as "corrective combination"?
According to EWI, this is the definition of a Double Three:
Combination that comprises two corrective wave patterns, labeled W and Y, linked by a
corrective wave pattern labeled X.
So if we go with this definition, a Double ZigZag would be a Double Three, right?
Because a ZigZag is a corrective wave pattern. And a Double ZigZag is pattern comprised of "two corrective wave patterns, labeled W and Y, linked by a corrective wave pattern labeled X - as mentioned in the definition.
Could anyone confirm/disconfirm?
PS: I know this isn't really relevant for trading. But I still want to know.
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