Triple Zigzag correction also known as Complex Correction or Combination Correction is a combination of three set of “abc” cycles connected by a link wave ‘x’ and it always forms a wedge pattern. Wedge may be triangle or parallel.

You must have heard of Triple Zigzag or Complex correction in many books or videos but today I am going to explain something about triple zigzag that you may not find anywhere else. This deep explanation of Triple Zigzag correction is a result of my own research and observations of last 3 year. But let me familiarize you with some basics of corrections (Corrective Waves) before Complex Correction.

As I explained in “Elliott’s Wave Cycle” that there are total 8 waves in Elliott waves cycle which are 1,2,3,4,5 and a,b,c. Waves 1,3,5,a and c are Impulsive waves whereas 2,4 and b are corrective waves.  Corrective waves 2, 4 and b are also called correction and also consist of three internal waves (a,b,c).

Now, these corrective waves have 4 different patterns:

  1. Simple Zigzag Correction
  2. 3-3-5 Flat Correction
  3. Irregular Correction
  4. Complex Correction/Combination Correction

This combination correction can be “Double Zigzag” or “Triple Zigzag”. We see Triple Zigzag correction most of the time as Complex Correction and now I am going to explain the internal structure, personality and importance “Triple Zigzag Correction” here in this article. Let me start.

Triple Zigzag Correction

Triple Zigzag correction is combination or series of three zigzag corrections (three “abc” cycles) connected by a link wave “x” between every “abc” cycle and its internal structure is (abc-x-abc-x-abc).  Triple Zigzag correction always forms a wedge pattern and that wedge may be triangle or parallel.

Triple Zigzag correction is most important pattern of Elliott Wave Theory and it can give huge profit with minimum risk if you manage to identify before it before breakout.  Triple Zigzag takes long time in completion and results in long consolidation with range bound volatility.

But breakout after completion of Triple Zigzag is always aggressive and we see a great aggressive move after breakout from the pattern. This correction is a tug of war between buyers and sellers that make price to move up and down within in a range for long time. But breakout from this range bound pattern makes mass traders/investors confident about the trend and they start taking action in the direction of breakout aggressively after a long wait. Let me show you some practical examples:

Triple Zigzag Correction as Expanding Triangle (Chart 1)
Triple Zigzag Correction as Expanding Triangle (Chart 1)

This is Triple Zigzag Correction of Nifty as expanding triangle pattern. This correction started on 25 July 2014 and completed on 08 Aug 2014. This correction has: –

Triple Zigzag Correction as Contracting Triangle (Chart 2)
Triple Zigzag Correction as Contracting Triangle (Chart 2)

This is another Triple Zigzag correction as Contracting Triangle Wedge Pattern. This pattern started on 08 Sept 2014 and completed on 17 Oct 2014. This triple Zigzag Correction also has three “abc” cycles connected with two “x” waves in between. 2nd “x” wave is Irregular Correction.

Nifty bounced about 800 points after breakout from this correction without entering again in the pattern after breakout.

I will show you the nature of move after breakout later in this article.

Triple Zigzag Correction as Parallel Wedge Pattern (Chart 3)
Triple Zigzag Correction as Parallel Wedge Pattern (Chart 3)


This is another practical example for Triple Zigzag as Parallel Wedge Pattern started on 17 Nov 2014 and completed on 20 Nov 2014. This correction also has three inner “abc” cycles connected by link waves “x’. Just observe the nature of next move after breakout. Nifty didn’t enter again in wedge after breakout.

Let me show you after effect of these Triple Zigzag corrections on Bigger Time Frame Chart:

Triple Zigzag Correction
Triple Zigzag Correction

This is daily time bar chart of Nifty showing move after 14 July 2014. The corrections I explained on previous charts are marked here in this bigger time frame chart. Just observe: –

Let me show one more practical example I identified recently on 5 minutes time bar chart and also traded it.

Triple Zigzag Correction
Triple Zigzag Correction

This is again a triple zigzag correction on 5 minutes time bar chart I identified on 09 Dec 2014. See the inner waves of correction and also the nature of move after breakout.

These are some practical examples of Triple Zigzag Corrections and now let me explain deeply about its internal structure, calculations and identification.

Calculation and Personality of Inner waves of Complex Correction:

As I explained, Triple Correction has (abc-x-abc-x-abc) as internal wave’s structure where three “abc” cycles are linked by wave “x” between every cycle. If we assume (abc-x-abc-x-abc) and waves (1-2-3-4-5) then it follows the same calculation I explained in “Personalities and Calculation of Waves” chapter in my book. The only difference is: –

  1. Wave 2 (x1) can correct more than 100% of 1 (1st “abc” cycle) in Triple Zigzag Correction. Means wave “x” can be irregular. Whereas wave 2 is not allowed to correct more than 100% of wave 1 in case of Impulse or Ending Diagonal Triangle.
  2. There is no condition for wave 4 (x2). Wave 4 (x2) can or cannot overlap wave 2 (x1).

Otherwise all other calculations are same. For example: –

You can predict the end of correction even before breakout following these calculation and information.

Drawing the line of Wedge/Pattern of Triple Zigzag Correction

Most of the starters don’t know where to draw lines of Wedge for Triple Zigzag and that is the reason they failed to identify its formation and breakout. We need to draw lines: –

Just see the charts above to observe the same as I mentioned here about drawing lines and direction of breakout. All these observations will help you to identify this Triple Zigzag correction, direction of immediate trend and direction of breakout well in advance to make you mentally prepared to catch next big move.

Importance of Triple Zigzag:

I am always excited after identifying the formation of Triple Zigzag as I feel it as jackpot opportunity after completion. The most important factors of this correction are: –

  1. Move after the completion of this correction is aggressive most of the time which is good for quick profits and better for options trading.
  2. Price rarely enters the pattern again after breakout which gives very low stop loss for very high profit probability.

This is just one EW pattern out of many and every pattern has different personalities like this. There is no pattern on chart that cannot be identified by Elliott Wave Theory and you don’t need to follow any news, results, global markets and important events to identify the future moves of market. Combination of Wave’s Cycle, Wave’s Personalities, Wave’s Calculations and Wave’s Pattern is enough to read the behavior and future move of market that is what I explained in my nook “Practical Application of Elliott’s Wave Principles by Deepak Kumar”

You might be familiar with some general chart patterns like Triangle Pattern, Bullish Flag, Bearish Flag, Wolf Wave, Consolidation, Demand Zone, and Supply Zone etc. But, if you understand Triple Zigzag Correction completely then you will realize that all these general patterns are nothing but complex corrections and you can predict it in advance even about its internal moves using calculations and personalities of waves. That’s why I always say, “Elliott Wave Theory is Mother of All Chart Patterns.

Learn Elliott Wave Analysis

It is really difficult to learn Elliott Wave Theory from books written by some famous foreign authors or by attending a one week crash course. Elliott Wave Theory is a priceless analyzing method but it is a subject which need regular guidance through practical live examples because a single doubt/confusion is enough to demoralize you. That is the reason most of the analysts failed to learn and apply it and finally ends up saying “Elliott Wave Theory is Confusing”

  1. Learn Elliott Wave Theory from an expert who is regularly applying it in his real life and his own trades. Learn Elliott Wave Theory from an expert who shows you its application on charts practically on live market.
  2. Learn Elliott Wave Theory from an expert who really have deep knowledge and can clear your every doubt whenever you need.
  3. Learn Elliott Wave Analysis from an expert who can make you understand of this complex but priceless subject.