Hellena_Trade

📍Part # 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!

Rules
📍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'.
📍A "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.
📍Wave 'X' appears as a zigzag or flat.
📍Wave 'X' always retraces at least 90 percent of wave 'W'.
📍Combinations 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.
📍Combinations can occur in the same wave positions as flats and triangles (except for the triangle subwave) but cannot occur in waves 'W' and 'Y'.
Guidelines
📍Wave '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'.
📍Wave 'X' is usually a single or multiple zigzag.
📍When 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!
🔔Links to other lessons in related ideas.🔔

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