Tools

Pattern library.

Visual reference for all Elliott Wave patterns per Elliott Wave theory.

Motive Patterns

The most common motive wave. 5 waves in the trend direction. Waves 1, 3, 5 are motive (blue); Waves 2, 4 are corrective (amber). Wave 3 is almost always the longest and strongest. Wave 4 must NOT enter Wave 1 price territory.

5-3-5-3-5 (each motive sub-wave = 5; each corrective = 3)

Rules

●R1: Wave 2 never retraces 100% of Wave 1

●R2: Wave 3 is never the shortest of 1, 3, 5

●R3: Wave 4 does not enter Wave 1 territory

●R4: Must have exactly 5 sub-waves

●R5: Waves 1, 3, 5 are motive

●R6: Waves 2, 4 are corrective

Fibonacci

◆W2: retraces 50–78.6% of W1

◆W3: often 1.618× or 2.618× W1

◆W4: retraces 23.6–38.2% of W3

◆W5: often = W1, or 0.618× W1

◆W4 alternates in form with W2

Corrective Patterns

Special Formations