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Rules for Double and Triple Sideways Patterns:
· Wave W may be any corrective pattern except a Triangle, or
a Double or Triple pattern.
· Wave X may be any corrective pattern except a Triangle, or a
Double or Triple pattern.
· Minimum Wave X retracement is 50% of Wave W.
· Maximum retracement of Wave X on Wave W is 400%.
· Wave Y may be any corrective pattern except a Double or
Triple pattern.
· Wave Y must be greater than Wave X by price except if it is a
Triangle.
· Wave XX may be any corrective pattern except a Triangle, or
a Double or Triple pattern.
· Minimum XX wave retracement is 50% of Y.
· Maximum retracement of Wave XX on Wave Y is 400%.
· Wave Z may be any corrective pattern except a Double or
Triple pattern. However Z cannot be a Zigzag if Y is a Zigzag.
· Wave Z must be greater than Wave XX by price. |
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