In Elliott Wave Theory, diagonal patterns are unique formations that resemble wedges and appear at key turning points. These patterns come in two types—leading diagonals and ending diagonals—and knowing how to differentiate them is essential for accurate wave counts. In this post, we’ll break down their structure, rules, and when they occur in the wave…
Elliott Wave Theory is built around recurring market patterns. While the 5-3 wave structure is the core, there are 13 unique Elliott Wave patterns that traders should recognize. In this guide, we’ll break down each pattern—impulsive and corrective—with clear explanations and chart references. 1. Impulse (Motive) Wave 2. Leading Diagonal 3. Ending Diagonal 4. Zigzag…
Elliott Wave Theory is based on patterns that repeat across timeframes. To analyze these repeating patterns clearly, Elliott introduced the concept of wave degrees—levels of wave hierarchy that help traders label and organize waves accurately. In this guide, we’ll explain how wave degrees work, why they matter, and how to label waves across timeframes without…
Corrective waves are just as important as impulse waves in Elliott Wave Theory. While impulse waves move in the direction of the trend, ABC corrective waves move against it—offering both risk and opportunity for traders. In this article, you’ll learn how to identify ABC corrective waves, understand their structure, and avoid miscounting them in real-time…
The 5-wave impulse pattern is the foundation of Elliott Wave Theory. It forms the driving force behind market trends and reflects the collective psychology of investors as they push prices in one direction. Whether you’re analyzing stocks, crypto, or forex markets, understanding this pattern is crucial for applying Elliott Wave Theory effectively. What Is a…
