Expanded flat pattern Expanded flat patternĪn expanded flat is an expanded form of a regular flat pattern. We will observe this pattern in a sideways market where A and B are both corrective patterns and C are impulsive. In corrective patterns, flat shape is prevalent.

So when we see any zigzag pattern in our chart, we can assume that any sharp reversal is coming. Zigzag is one kind of corrective pattern. This pattern indicates that the existing trend is weak now, and the market will show acceleration in the opposite direction. When this pattern happens, pay close attention to the market. And as the fifth wave fails to exceed the third wave, its name is the failure pattern. The main feature of this pattern is that the fifth wave will not exceed the third wave. Failure or truncated 5th pattern Failure or truncated 5th pattern This pattern is rare and hardly occurs in a currency pair in any particular period. But in type 1, waves 1,3,5 have an internal structure of three waves. The core difference between diagonal triangle type 1 and diagonal triangle type 2 is waves 1,3,5 have an internal structure of five waves in type 2. Diagonal triangle type 2 Diagonal triangle type 2 Unfortunately, traders sometimes confuse these patterns with corrective triangles. Diagonal triangle type 1 Diagonal triangle type 1ĭiagonals are one kind of impulsive pattern. When third wave extends then we will call it extension3Īnd when fish wave extends, then we will call it extension5 4.

When first wave extensions, then we will name it extension1. In most cases, this extension happens in the third wave. For example, in the extension pattern, 1,3,5 waves will be extended. In the impulsive pattern, extended pattern forms. Extension patterns wave analysis- extension pattern

Remember wave 2 will not be longer than wave 1, and wave 4 will not overlap wave 1. Waves 1,3,5 are impulsive moves, and the length of these 3 will be almost the same. 13 elliott wave patterns pdf 13 elliott wave patterns pdf 1.

Although there are many resources regarding Elliot waves, today I will give you a 13 Elliott wave patterns pdf book which will help you understand Elliott wave theory properly. Its purpose is to improve market analysis and trade timing these two elements are vital for trade development and approach. The Elliott wave theory is a technical analysis trading method based on price moves.

Elliott impulsive wave