## Elliott Wave Cheat Sheets

## Other Sources

This is a list of other helpful sources on Elliott Wave Theory

# Triangles (3-3-3-3-3)

## Structure

- Triangles only form in Waves 4, B, and X, the waves prior to the terminating wave of the structure.
- There are five Waves (A-E) and each wave will normally subdivide into a 3 wave structure such as a Zagzag.
- A running triangle is said to have formed when the B wave exceeds the origin of WA. (think expanded flat.)
- There are three types of triangles. The most common are the contracting, symmetrical kind. Barrier triangles form where one side resembles a horizontal line, and expanding triangles, which are very rare.
- Wave C, or occasionally wave D, will normally become complex and form a double (WXY) or triple Zigzag (WXYXZ) formation. X can be a triangle itself.
- Infrequently, Wave E can develop into a smaller triangle, making a total wave count of 9 waves, labeled A-E, with the interior triangle labeled a-e of the next lesser degree. The ending pivot is E e.

## Specifics

In a wave 2, a triangle may only form in wave B of the retracement. It can not comprise the entire wave 2. However, in wave 4, a triangle may form as the entire wave 4 structure or as wave B in the wave structure. These will resolve in opposite directions, so you need to be right on where the triangle is located.

## Retracement

Triangles rarely follow retracement rules, but these are the stated retracements

### Contracting and Symmetrical Triangles

- In a triangle, at least two waves frequently have a .618 relationship with their prior wave.
- With a running triangle you can expect Wave B to reach 1.382 of Wave A, before the remainder of the triangle falls into suit with .786 retracements. The relationships are somewhat more expanded than regular triangle relationships.

### Expanding Triangles

- As a general rules, these triangles conform to 1.618 relationships between the waves.