|
Double and Triple
Threes
Elliott called sideways
combinations of corrective patterns "double threes"
and "triple threes." While a single three is any
zigzag or flat, a triangle is an allowable final component of
such combinations and in this context is called a
"three." A double or triple three, then, is a
combination of simpler types of corrections, including the
various types of zigzags, flats and triangles. Their occurrence
appears to be the flat correction's way of extending sideways
action. As with double and triple zigzags, each simple
corrective pattern is labeled W, Y and Z. The reactionary waves,
labeled X, can take the shape of any corrective pattern but are
most commonly zigzags.
Combinations of threes were
labeled differently by Elliott at different times, although the
illustrative pattern always took the shape of two or three
juxtaposed flats, as shown in Figures 1-45 and 1-46. However,
the component patterns more commonly alternate in form. For
example, a flat followed by a triangle is a more typical type of
double three, as illustrated in Figure 1-47.

Figure 1-45
Figure 1-46

Figure 1-47
A flat followed by a zigzag is
another example, as shown in Figure 1-48. Naturally, since the
figures in this section depict corrections in bull markets, they
need only be inverted to observe them as upward corrections in
bear markets.

Figure 1-48
For the most part, double threes
and triple threes are horizontal in character. Elliott indicated
that the entire formations could slant against the larger trend,
although we have never found this to be the case. One reason is
that there never appears to be more than one zigzag in a
combination. Neither is there more than one triangle. Recall
that triangles occurring alone precede the final movement of a
larger trend. Combinations appear to recognize this character
and sport triangles only as the final wave in a double or triple
three.
|