ETH was this correction a WXY- elliot wave tutorial nine 3 wave

4 gün önce

Its possible this is wave 4 and crypto is going to make a new ATH. theres no way for me to actually know this until after the fact. but it does look like this to me.

wave W is the main chart. to see the other legs see the notes

*** Elliott Wave: Quick Guide to W-X-Y (Double Three) Corrections

A W-X-Y is a complex corrective pattern in Elliott Wave Theory.
If your chart keeps printing choppy overlapping waves that refuse to trend/count cleanly, you’re probably looking at one of these.

- What W-X-Y Actually Is

A W-X-Y is simply:

W = 3 waves
X = 3 waves
Y = 3 waves

So the entire structure is:

*** 3 – 3 – 3 (total of nine internal waves which is 27 on a lower degree)

W and Y are corrective patterns (they can be zigzags or flats), and the X wave is a connecting correction—usually shallow, sideways, and time-wasting.

- What Each Leg Can Be

W:ABC or any corrective 3-wave structure
X: ABC pullback, often sideways
Y: ABC or another corrective structure

None of the legs are impulsive.
If you see a clean 1-2-3-4-5 impulse, it cannot be W, X, or Y.

- How to Recognize a W-X-Y

Corrections subdivide into threes, not fives
Price action is sloppy, overlapping, and often sideways
X wave is typically small relative to W or Y
Y often mirrors W in slope, depth, or duration
The whole thing looks like “two corrections glued together with an X in the middle”

- Where W-X-Y Appears

You’ll see W-X-Y commonly in:

B waves
Wave 4 corrections
The middle section of complex pullbacks
Crypto consolidations (extremely common)

4 gün önce

Not

X wave details

4 gün önce

Not

Y wave details