Fix-It Waves

The 5-wave vibes get balanced out by some chill 3-wave counter-moves. 😎

Yeah fam, letters take the spotlight instead of numbers to keep track of the chillax correction. ✌️

Check out this fire example of an ABC, aka corrective 3-wave pattern!

Just 'cause we're vibin' with a bull market as our main squeeze doesn’t mean the Elliott Wave Theory can’t flex on bear markets too.

Same 5-3 wave swag might look like this, peep the pic:

Types of Corrective Wave Patterns

Elliott sez there's like 21 ABC patterns ranging from easy-peasy to brain-melting complex. 🧠💥

“21? 🥴 Bro, that’s a whole lotta memorizing! Elliott Wave Theory is already mind-bending!”

Chill out, young grasshopper. The good news is you don’t need to hit the age of 21 to flex some Elliott Wave trading moves! 😉

No need for a fake ID or to cram all 21 ABC patterns into your noggin. They’re served up as three easy-peasy formations.

Let’s scope out these three formations. These examples are for uptrends, but you can flip the script if you’re dealing with a downtrend.

The Zig-Zag Formation

Zig-zag formations are like those gnarly price drops that go against the hype. 📉🔥

Wave B’s usually the runty one compared to Waves A and C.

These zig-zag vibes could hit one, two, or even thrice during a vibe check (2 to 3 zig-zag patterns linked together).

Just like any wave, each zig-zag wave can get busted up into 5 little wave squads.

The Flat Formation

Flat formations are pretty much chill side-to-side corrective waves. 😌

In these flats, wave lengths are USUALLY equal, with wave B pulling a reverse Uno card on wave A, and wave C doing the same to wave B.

We say usually 'cause sometimes wave B be out here trying to flex past the start of wave A.

The Triangle Formation

Triangles are like sit-back-and-chill patterns, boxed in by converging or diverging trend lines.

Triangles chill sideways with 5-waves going against the current trend vibes. They could be symmetrical, descending, ascending, or going all out and expanding.