Tag: Corrective Waves

Corrective Patterns & Geometry

Contracting Triangle Elliott Wave Pattern

by Marko Krivokapic Reviewed & Written by Professional

When market participants enter an extended phase of structural indecision, price energy does not dissipate into random noise. Instead, it coils into one of the most mathematically elegant patterns in all of technical geometry: the Contracting Triangle. Bound between converging upper and lower boundary trendlines, a Contracting Triangle reflects a progressive decay in volatility, amplitude, […]

Corrective Patterns & Geometry

Double Zigzag (W-X-Y) Corrective Pattern

by Marko Krivokapic Reviewed & Written by Professional

When a standard single zigzag fails to achieve sufficient vertical retracement depth to rebalance an antecedent impulse wave, the market does not surrender its corrective intention. Instead, it chains two independent zigzag structures together into a single, cohesive, aggressive counter-trend sequence. I classify this geometric structure as a Double Zigzag, labeled in modern wave notation […]