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Friday, December 25, 2009
Figure 2, shows the count and the correct labeling of a triple zig-zag, this is from EWI's April 2006 issue of the Elliott Wave Theorist.
This is from Robert Balan's book on complex corrective waves. A complex wave "A", followed by a simple a-b-c for the "B" wave, and ending with a triple zig-zag for the "C" wave to finish the corrective wave.
I just want to lay this to rest, hopefully for the last time. This is a valid orthodox Elliott wave count!!!
A triple zig-zag can be used as a "C"wave, in an over-all a-b-c corrective wave, as observed from Robert Balan, who has been involved in counting Elliott waves for many years. He is not very well known in the US, but he is very respected in the European markets. He has gone into much more detailed corrective wave counts then Prechter did in his book. If you would like to download a FREE pdf, of Robert Balan's book Click here. He has some very complex corrective wave patterns in his book, and I would highly recommend everybody who wants to learn more about counting Elliott waves to take advantage of this free download.