Motive Wave:

Elliott-wave Basic Fractal Pattern

Rules:
Impulsive Waves always divide into 5 waves: Waves 1,2,3,4,& 5; followed by a corrective wave,
typically A, B & C.

The waves that are numbered (1,2,3,4,5) are in the direction of the Trend.

The waves that are Lettered (A, B, C ) are against the Trend.

Structure = 5-3-5-3-5 (21) followed by 5-3-5 (13)

Wave 1 could divide into an impulsive 5 wave or a Leading Diagonal.

Wave 3 is always an Impulsive 5 wave and is never the shortest wave.

Waves 5 & C are always 5 waves but it could be an Ending Diagonal.

Wave 2, 4 and B always subdivide in 3 wave corrections.

Wave 2 Never moves beyond origin of Wave 1.

Wave 3 must go beyond Wave 1.

Wave 4 never moves into wave 1 range.

Wave A can be a three wave structure or Leading Diagonal.

Wave 5 often goes beyond Wave 3, if not it is called "Truncation".

The Chart shows a bull Market. For a Bear Market the chart can be flipped and all the rules remain
the same.

The same pattern can be viewed in all time frames: Thick Charts, 1 min, 2 min, 3 min, 5 min, 10
min, 15 min, 30 min, 1 h, 4h, Daily, Weekly, Monthly Charts etc...

Guidelines:

Waves 2 & 4 will almost always Alternate into ZigZags, Flats, or Combos.
Wave 4 can be Flats, Triangles or Combinations

Wave 2 which is usually ZigZag or a ZigZag combination.

Wave 4 Usually Terminates in the same area as the Previous Wave 4 of Wave 3.

Typical Fib counts for Wave 2 is 50%, 61.8% of Wave 1.

Typical Fib Count of Wave 4 is 38.2% or 61.8% of wave 3.

See the charts for other Fibonacci relations.

Often Waves ad-hear to the laws of Channeling:

 5 ends around the Chanel line extension of endpoints of 1-3, and

Wave 4 may end at the parallel line point 1-3. (please look at the charts)

Impulse Wave Extensions

Rules & Guidelines:

Same As Motive waves mentioned above:

Extended Guidelines:
Waves 1, 3 OR 5 can be subdivided further to be Extended.

When Extended, the subdivisions are exaggerated, resulting into an elongated Impulse .

Usually only one of the three (1,3, OR 5) is only Extended.

In case of "Cycle" and "Supercycle", both Waves 3 & 5 are Extended.

Waves 3 or 5 are the most common extensions.

If Wave three is Extended, then Waves 1 & 5 are usually proportionally similar.

If Wave 1 is Extended, then Wave 5 usually terminates around the Fibonacci 61.8% of Wave 1.

If Wave 5 is Extended, Then it usually terminates around the Fibonacci 161.8% of Wave 3.
Leading Diagonal

Rules:
Diagonals are always 5 wave structures.

Structure = 3-3-3-3-3 or 5-3-3-3-3

Leading Diagonals happen in Wave 1 of an Impulse or Wave A of a ZigZag.

Wave 2 & 4 always subdivide in ZigZag corrections.

Wave 2 Never moves beyond origin of Wave 1.

Wave 3 must go beyond Wave 1.

Wave 4 must move into wave 1 range but not beyond Wave 2.
Wave 5 must go beyond Wave 3, there should be no "Truncation".
In Contracting Diagonals, Wave 3 is always shorter than Wave 1, Wave 4 Shorter than Wave 2,
and Wave 5 shorter than Wave 3.

In Expanding Diagonals, Wave 3 is always longer than Wave 1, Wave 4 longer than Wave 2, and
Wave 5 longer than Wave 3.

Guidelines:
Wave 1, 3 & 5 are usually divided in ZigZags but may also be an Impulse wave.
If Waves 1 is a Leading Diagonal, then Wave 3 is Usually Extended.

Connecting ends of Waves 1-3 and 2-4 form Contracting or Expanding Wedges.

In a Contracting Diagonal, Wave 5 Usually ends beyond the Wedge Line of Wave 1-3 ("Throw-
Over") .
 In an Expanding Diagonal, Wave 5 stops just short of reaching the Wedge Line of Wave 1-3.

Please see the chart for more favorable Fibonacci counts for possible Wave terminations.

Ending Diagonal

Rules:
Diagonals are always 5 wave structures.

Structure = 3-3-3-3-3

Ending Diagonals happen in Wave 5 of an Impulse or Wave C of a ZigZag or Flat Corrections.

Wave 1, 2, 3, 4 & 5 always subdivide in ZigZag corrections.

Wave 2 Never moves beyond origin of Wave 1.

Wave 3 must go beyond Wave 1.

Wave 4 must move into wave 1 range but not beyond Wave 2.

Wave 5 Stop before reaching end of Wave 3: "Truncation".

In Contracting Diagonals, Wave 3 is always shorter than Wave 1, Wave 4 Shorter than Wave 2,
and Wave 5 shorter than Wave 3.

In Expanding Diagonals, Wave 3 is always longer than Wave 1, Wave 4 longer than Wave 2, and
Wave 5 longer than Wave 3.

Guidelines:
Wave 1, 3 & 5 are usually divided in ZigZags but may also be an Impulse wave.
 In an Impulse, if Wave 3 is not an Extended, then Wave 5 is unlikely to become an Ending
Diagonal.

Connecting ends of Waves 1-3 and 2-4 form Contracting or Expanding Wedges.

In a Contracting Diagonal, Wave 5 Usually ends beyond the Wedge Line of Wave 1-3 ("Throw-
Over") .

In an Expanding Diagonal, Wave 5 stops just short of reaching the Wedge Line of Wave 1-3.

Please see the chart for more favorable Fibonacci counts for possible Wave terminations.

Expanding Diagonal

Rules:
Diagonals are always 5 wave structures.

Structure = 3-3-3-3-3

Ending Diagonals happen in Wave 5 of an Impulse or Wave C of a ZigZag or Flat Corrections.

Wave 1, 2, 3, 4 & 5 always subdivide in ZigZag corrections.

Wave 2 Never moves beyond origin of Wave 1.

Wave 3 must go beyond Wave 1.

Wave 4 must move into wave 1 range but not beyond Wave 2.

In an Expanding Ending Diagonal Wave 5 must go beyond the end of Wave 3: No "Truncation".
 In Contracting Diagonals, Wave 3 is always shorter than Wave 1, Wave 4 Shorter than Wave 2,
and Wave 5 shorter than Wave 3.

In Expanding Diagonals, Wave 3 is always longer than Wave 1, Wave 4 longer than Wave 2, and
Wave 5 longer than Wave 3.

Guidelines:
Wave 1, 3 & 5 are usually divided in ZigZags but may also be an Impulse wave.
In an Impulse, if Wave 3 is not an Extended, then Wave 5 is unlikely to become an Ending
Diagonal.

Connecting ends of Waves 1-3 and 2-4 form Contracting or Expanding Wedges.

In a Contracting Diagonal, Wave 5 Usually ends beyond the Wedge Line of Wave 1-3 ("Throw-
Over") .

In an Expanding Diagonal, Wave 5 stops just short of reaching the Wedge Line of Wave 1-3.

Please see the chart for more favorable Fibonacci counts for possible Wave terminations.
Corrective Wave:
ZigZag

Rules:
ZigZag is always a 3 wave structure.

Structure = 5-3-5

Wave B never move beyond the start of Wave A.

Wave B is subdivided into a three wave pattern: zigzag, flat, triangle or any combination thereof.

Wave A can be either an Impulsive wave or a Leading Diagonal.

Wave C can subdivide into 5 wave structures: a Diagonal or an Impulse wave.

Guidelines:
Waves A and C connected is usually parallel to the Line connecting the origin of the ZigZag to point
B.

Waves A and C usually are Equal in length.

Wave A and C are more often subdivided into an Impulse Wave.

Wave C is always ended beyond Wave A.

Besides Waves A & C usually being equal, the ratios in a correction are less accurate than in
an Impulse Waves 1,3 & 5.

See the chart for Typical Fibonacci Retracements.

Regular Flat

Rules:
Flats are always a 3 wave structure.

Wave A is a three wave pattern and never a Triangle.

Wave B is subdivided into a three wave pattern.

Wave B retraces to at least 90% of Wave A.

Wave C always subdivide into 5 wave structures: a Diagonal or an Impulse wave.

Guidelines:
Waves A and C connected usually is parallel to the Line connecting the origin of the ZigZag to point
B.

Waves A and C usually are Equal in length.

Wave C is always ended around the end of Wave A.

Running Flat

Rules:
Flats are always a 3 wave structure.

Structure = 3-3-5

Wave A is a three wave pattern and never a Triangle.

Wave B is subdivided into a three wave pattern.

Wave B retraces to at least 105% of Wave A & typically up to the 138.2%.

Wave C does not go beyond Wave A and is "Truncated".
Wave C always subdivide into 5 wave structures: a Diagonal or an Impulse wave.

Guidelines:
Waves A and C connected usually is parallel to the Line connecting the origin of the ZigZag to point
B.

Waves A and C usually are Equal in length.

Expanded Flat

Rules:
Flats are always a 3 wave structure.

Wave A is a three wave pattern and never a Triangle.

Structure = 3-3-5

Wave B is subdivided into a three wave pattern.

Wave B retraces to at least 105% of Wave A & typically up to the 138.2%.

Wave C always goes beyond Wave A.
Wave C always subdivide into 5 wave structures: a Diagonal or an Impulse wave.

Guidelines:
Waves C usually goes between the 100% to the 161.8% of Wave A.

Waves A and C usually are not Equal in length.

Barrier Triangle

Rules:
In a Triangle, the waves always subdivide into 5 waves: A, B, C, D, & E.

Wave A never goes beyond the origin or point X.

Structure = 3-3-3-3-3

At least four of the five waves subdivide into a zigzag or a combination of zigzags.

Triangles do not have more than one complex subwave (only one Double or Triple).

One of the five waves can subdivide into an Impulse

In a Barrier Triangle, Wave C never goes beyond Wave A, & Wave E never moves beyond C.
In a Barrier Triangle, Wave D ends around Wave B, forming a straight flat line or Barrier.

Guidelines:
Wave B may go beyond the start of Wave A; it is not common and it is called a Running Triangle.

A Wave 5 following a Barrier Triangle can either be sharp, short and brief; or turn into an Extended
Wave 5.

Barrier Triangles are less common than a Contracting Triangle.

Contracting Triangle

Rules:
In a Triangle, the waves always subdivide into 5 waves: A, B, C, D, & E.

Wave A never goes beyond the origin or point X.

Structure = 3-3-3-3-3

At least four of the five waves subdivide into a zigzag or a combination of zigzags.

Triangles do not have more than one complex subwave (only one Double or Triple).

One of the five waves can subdivide into an Impulse

In a Contracting Triangle, Wave C never goes beyond Wave A, Wave D never
moves beyond Wave B & Wave E never moves beyond C.

In a Contracting Triangle, Wave E ends around Wave A-C Line, but typically undershoots or
overshoots the line.

Guidelines:
Wave B may go beyond the start of Wave A; it is not common and it is called a Running Triangle.

A Wave 5 following a Triangle can either be sharp, short and brief; or turn into an Extended Wave
5.

Contracting Triangles are the most common type of a Triangle.

Expanding Triangle

Rules:
In a Triangle, the waves always subdivide into 5 waves: A, B, C, D, & E.

Wave A never goes beyond the origin or point X.

Structure = 3-3-3-3-3

At least four of the five waves subdivide into a zigzag or a combination of zigzags.

Triangles do not have more than one complex subwave (only one Double or Triple).

One of the five waves can subdivide into an Impulse

In a Contracting Triangle, Wave C goes beyond Wave A, Wave D moves beyond Wave B &
Wave E moves beyond C.

In a Contracting Triangle, Wave E ends around Wave A-C Line, but typically undershoots or
overshoots the line.

B,C & D always go beyond 100% of the proceeding subwave but never exceed 150%.

Guidelines:
Wave B may go beyond the start of Wave A; but doe not have to do so.

Expanding Triangles are the least common type of a Triangle.

Double

Rules:

Doubles are made of two corrective patterns joined by one corrective structure in
the opposite direction labeled"X".

Doubles labeling: "W" for the first Pattern, followed by the "X", and then "Y" for the ending pattern.

Two ZigZags result into a Double ZigZag combination.

Double ZigZags take the place of a ZigZag in a corrective move.

"Double Three" can be any of the following: ZigZag and a Flat; Flat and a Flat; Flat and a ZigZag;
Flat and a Triangle; or ZigZag and a Triangle

Guidelines:
Combinations happen more when the Corrective Flat or ZigZag is relatively too minor or small in
comparison to the wave that it follows; resulting in more consolidation and sideways action.
Triple

Rules:
Triples are made of Three corrective patterns joined by two corrective structure in
the opposite direction labeled"X"s.

Triples labeling: "W" for the first Pattern; followed by the "X"; then "Y" for the ending pattern;
followed by another "X", and the followed by"Z".

Three ZigZags result into a Triple ZigZag combination.

Triple ZigZags take the place of a ZigZag in a corrective move.

"Triple Three" flat combination is rare and it is formed by combination of three lats.

Guidelines:
Combinations happen more when the Corrective Flat or ZigZag is relatively too minor or small in
comparison to the wave that it follows; resulting in more consolidation and sideways action.