Hellena_Trade

đź“ŤPart # 8, Combination - Corrective Waves.

Education
FX:EURUSD   Euro / U.S. Dollar
👩🏻‍💻Hello!
This time we're going to look at combinations.
It may seem too complicated, but don't worry. In fact, any combination simply consists of two corrective patterns that you and I already know, only between these two patterns there is a connecting wave.

Let's go straight to the rules and everything will become clear to you at once!

âś…Rulesâś…
📍A “double three” combination comprises two corrective patterns separated by one corrective pattern in the opposite direction, labeled 'X'. The first corrective pattern is labeled 'W', the second 'Y'.
đź“ŤA "double three" combination comprises (in order) a zigzag and a flat, a flat and a zigzag, a flat and a flat, a zigzag and a triangle or a flat and a triangle.
đź“ŤWave 'X' appears as a zigzag or flat.
đź“ŤWave 'X' always retraces at least 90 percent of wave 'W'.
đź“ŤCombinations have a sideways look. With respect to waves 'W' and 'Y' in a double three, only one of those waves in each type of combination appears as a single zigzag.
đź“ŤCombinations can occur in the same wave positions as flats and triangles (except for the triangle subwave) but cannot occur in waves 'W' and 'Y'.
âś…Guidelinesâś…
đź“ŤWave 'X' is often 123.6-138.2% the 'W' wavelength, less often wave 'X' retraces 161.8% or more. Don't expect wave 'X' to be more than 261.8% of wave 'W'.
đź“ŤWave 'X' is usually a single or multiple zigzag.
đź“ŤWhen a zigzag or flat appears too small to be the entire wave with respect to the preceding wave (or, if it is to be wave '4', the preceding wave '2'), a combination is likely.


Thank you for your attention! There will be another lecture next week! Don't miss it!
đź””Links to other lessons in related ideas.đź””

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