Triple Three
A triple three is the most complex corrective pattern in Elliott Wave. It is labeled W-X-Y-X-Z, where three simple corrective patterns are connected by two X waves. Each component (W, Y, Z) can be a zigzag, flat, or combination. Only the Z wave can be a triangle. In practice, triple threes are rare. When they do appear, they create extended, frustrating sideways markets that chew up traders on both sides. The entire structure moves price sideways or slightly against the larger trend, burning time rather than making progress. You spot a triple three when a correction keeps extending beyond what a simple or double correction should cover. The price range stays contained, but the duration stretches out. They tend to appear in large Wave 4 corrections at higher degrees. If you find yourself in a triple three, the best strategy is often to wait it out.
A stock corrects after a major Wave 3 rally from $50 to $150. Wave W is a zigzag from $150 to $120. X wave rallies to $140. Wave Y is a flat from $140 to $118. Another X wave rallies to $135. Wave Z is a triangle that resolves near $125. The entire triple three takes 18 months and keeps price between $118 and $150. Traders who tried to buy the dip at $120 during Wave W got stopped out during Wave Y. The patient trader waits for Wave Z's triangle to complete, then enters long for the next impulse.