ELLIOTT WAVE

F I R S T E D I T I O N ( V. 2 )

CHEAT SHEETS

MENTO
 COPYRIGHT

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 DISCLAIMER

The use of this book is not intended as a

s ta n da lo n e p r o d u c t. K n o w l e d g e o f t h e E l l i o t t
wave principles and theory is required as a
prerequisite to understand the information
presented in this book.

These cheat sheets will however, save you a lot

of time and effort by providing you with all
the information you need regarding the rules
and guidelines for the different Elliott wave
pat t e r n s . i n t u r n , yo u s p e n d l e s s t i m e s e a r c h i n g
for information and more time learning.
 CONTENTS

MOTIVE
PAT T E R N S

IMPULSE
DIAGONALS

CORRECTIVE
PAT T E R N S

ZIGZAG
F L AT - R E G U L A R
F L AT - E X PA N D E D
F L AT - R U N N I N G
DOUBLE COMBO
TRIPLE COMBO
DOUBLE ZIGZAG
TRIPLE ZIGZAG
TRIANGLE - CONTRACTING
MOTIVE
PAT T E R N S

IMPULSE
DIAGONALS
 IMPULSE WAVE (5)
5

3
(3)
5
1 4
b
3
(1) a 2
5 4 c
1 (4)
3 b
2
1 4 a
c
2 (2)

WAVE 1 WAVE 2 WAVE 3 WAVE 4 WAVE 5

Impulse ZZ (family) Impulse ZZ (family) Impulse
Leading Diagonal Flat Flat Ending Diagonal
Combo Combo
Triangle

STRUCTURE F I B O N A C C I R AT I O
SUBDIVISION: 5 waves • WAVE 2
STRUCTURE: 5-3-5-3-5 • 50%, 61.8%, 78.6%, or 88.7% of wave 1
• WAVE 3
POSITION • 161.8%, 175%, 227.2%, or 361.8% of wave 1
• WAVE 4
• Impulse - 1st wave
• 23.6%, 38.2%, 50% or 61.8% of wave 3
• Impulse - 3rd wave
• Impulse - 5th wave • WAVE 5
• Zig Zag - A wave • Inverse 123.6% – 161.8% retracement of wave 4
• Zig Zag - C wave • Equal to wave 1
• Flat - C wave • 61.8% of wave 1-3

DEFINITION RULES / GUIDELINES

ZZ (FAMILY) = ZIGZAG (FAMILY) • WAVE 2 - Cannot retrace more than the beginning
• Zig Zag of wave 1.
• Double Zig Zag - WXY
• WAVE 3 - Cannot be the shortest impulse wave but
• Triple Zig Zag - WXYXZ
COMBO does not have to be the longest.
• Double Combo - WXY • WAVE 4 - Cannot overlap the end of wave 1
• Triple Combo - WXYXZ
 DIAGONAL - CONTRACTING
(5)
UP TREND
(5) TRENDLINE

(3) (5) (3)

(1) (3)

(1) (4) (1)

(4)
(4)
(2)
(2)

DOWN TREND
(2)
(2) (2)
(4)

(1) (4) WAVE 1 WAVE 2 WAVE 3 WAVE 4 WAVE 5

(1) ZZ (family) ZZ (family) ZZ (fam.) ZZ (fam.) ZZ (fam.)
(3)
Impulse Impulse Impulse
(3) (5)
(5)

STRUCTURE F I B O N A C C I R AT I O
SUBDIVISION: 5 waves • WAVE 2
STRUCTURE: LEADING DIAGONAL • 61.8% or 78.6% of wave 1
5-3-5-3-5 • WAVE 4
3-3-3-3-3 • 61.8% or 78.6% of wave 3
ENDING DIAGONAL
3-3-3-3-3
POSITION RULES / GUIDELINES
• Impulse - 1st wave • WAVE 1 - Longest wave
• Impulse - 5th wave • WAVE 2 - Cannot go past the start of wave 1
• Zig Zag - A wave
• Zig Zag - C wave • WAVE 3 - Cannot be the shortest wave
• Flat - C wave • WAVE 3 - Shorter than wave 1 & longer than wave 5
• WAVE 4 - Shorter than wave 2
DEFINITION • WAVE 4 - Cannot go past the end of wave 2
ZZ (FAMILY) = ZIGZAG (FAMILY) • WAVE 5 - Shortest wave; shorter than wave 3
• Zig Zag • WAVE 5 - Can overshoot or undershoot the trendline
• Double Zig Zag - WXY
• Triple Zig Zag - WXYXZ • WAVE 5 - LEADING Diagonal: 5th Cannot be truncated
ENDING Diagonal: 5th Can be truncated
 DIAGONAL - EXPANDING
(5)
UP TREND TRENDLINE
(5)
(5)

(3)
(3)
(3)

(1)
(1)
(4)
(2) (4)
(2)
(1)

DOWN TREND
(4)
(2)
(2)
(4)
(4) (2)
(1)
(1)

WAVE 1 WAVE 2 WAVE 3 WAVE 4 WAVE 5

(3)
(3) ZZ (fam.) ZZ (fam.) ZZ (fam.) ZZ (family) ZZ (fam.)
Impulse Impulse Impulse
(5)
(5)

STRUCTURE F I B O N A C C I R AT I O
SUBDIVISION: 5 waves • WAVE 2
STRUCTURE: LEADING DIAGONAL • 61.8% or 78.6% of wave 1
5-3-5-3-5 • WAVE 4
3-3-3-3-3 • 61.8% or 78.6% of wave 3
ENDING DIAGONAL
3-3-3-3-3
POSITION RULES / GUIDELINES
• Impulse - 1st wave • WAVE 1 - Shortest wave
• Impulse - 5th wave • WAVE 2 - Cannot go past the start of wave 1
• Zig Zag - A wave
• Zig Zag - C wave • WAVE 3 - Cannot be the shortest wave
• Flat - C wave • WAVE 3 - Longer than wave 1 & shorter than wave 5
• WAVE 4 - Longer than wave 2
DEFINITION • WAVE 4 - Cannot go past the end of wave 2
ZZ (FAMILY) = ZIGZAG (FAMILY) • WAVE 5 - Longest wave; Longer than wave 3
• Zig Zag • WAVE 5 - Can overshoot or undershoot the trendline
• Double Zig Zag - WXY
• Triple Zig Zag - WXYXZ • WAVE 5 - Cannot be truncated (not reach end of Wave 3)
 1

4
(2)

LEADING DIAGONAL 2

(5)

(C)

(3)
LEADING DIAGONAL LEADING DIAGONAL

(A)
(1) 5
5 (4)
3
3

1 1
4
4 (B)
(2)
2 2

WAVE 1 (C) WAVE A

Contracting Contracting
Expanding Expanding

S T R U C T U R(A)
5E F I B O N A C C I R AT I O
SUBDIVISION: 5 waves
3 • WAVE 1-5
STRUCTURE: 5-3-5-3-5 • Refer to Expanding & Contracting Diagonal sheets
1 3-3-3-3-3 for ratios
4
(B)

2
POSITION RULES / GUIDELINES
• Impulse - 1st wave • WAVE 1-5 - Refer to Expanding & Contracting
• Zig Zag - A wave Diagonal sheets for Rules & Guidelines
• WAVE 2 - Is always a ZigZag Family
• WAVE 2 - Cannot go beyond the start of wave 1
• WAVE 3 - Always goes beyond the end of wave 1
DEFINITION • WAVE 4 - Cannot go past the end of wave 2
• WAVE 4 - Is always a ZigZag Family
ZZ (FAMILY) = ZIGZAG (FAMILY)
• Zig Zag • WAVE 5 - Cannot truncate
• Double Zig Zag - WXY
• Triple Zig Zag - WXYXZ
 (2)

ENDING DIAGONAL
(5)
5
3 (C)
5
1 3
(3)
4 (A) 1

4
2

2
(1) (4)
(B)

ENDING DIAGONAL ENDING DIAGONAL

(2)
WAVE 5 WAVE C
Contracting Contracting
Expanding Expanding

(C)
5
STRUCTURE 3 F I B O N A C C I R AT I O
(A)
SUBDIVISION: 5 waves 1 • WAVE 1-5
STRUCTURE: 3-3-3-3-3 4
• Refer to Expanding & Contracting Diagonal sheets
for ratios

(B)
POSITION RULES / GUIDELINES
• Impulse - 5th wave • WAVE 1-5 - Refer to Expanding & Contracting
• Zig Zag - C wave Diagonal sheets for Rules & Guidelines
• Flat - C wave • WAVE 2 - Is always a ZigZag Family
• WAVE 2 - Cannot go beyond the start of wave 1
• WAVE 3 - Always goes beyond the end of wave 1
DEFINITION • WAVE 3 - Is always a ZigZag Family
• WAVE 4 - Cannot go past the end of wave 2
ZZ (FAMILY) = ZIGZAG (FAMILY)
• Zig Zag • WAVE 4 - Is always a ZigZag Family
• Double Zig Zag - WXY • WAVE 5 - Can truncate only in a contracting diagonal
• Triple Zig Zag - WXYXZ
• WAVE 5 - Is always a ZigZag Family
CORRECTIVE
PAT T E R N S

ZIGZAG
F L AT - R E G U L A R
F L AT - E X PA N D E D
F L AT - R U N N I N G
DOUBLE COMBO
TRIPLE COMBO
DOUBLE ZIGZAG
TRIPLE ZIGZAG
TRIANGLE - CONTRACTING
 ZIGZAG
2
(B)
c
1
4 a
2
3 b
1
5 4
(A)
3

5
(C)

WAVE A WAVE B WAVE C

Impulse ZZ (family) Impulse
Leading Diagonal Flat Ending Diagonal
Combo
Triangle

STRUCTURE F I B O N A C C I R AT I O
SUBDIVISION: 3 waves • WAVE B
STRUCTURE: 5-3-5 • 38.2%, 50%, 61.8%, 78.6% or 88.7% of wave A
• WAVE C
• 61.8%, 100% or 127.2% of wave A

POSITION RULES / GUIDELINES

• Impulse - 2nd wave • WAVE B - Cannot retrace more than 100% of wave A
• Impulse - 4th wave • WAVE C - Almost always ends beyond A
• 5-3-5-3-5 Leading Diagonal - 2nd wave • WAVE C - Can be truncated
• 5-3-5-3-5 Leading Diagonal - 4th wave
• 3-3-3-3-3 Leading Diagonal - Any wave DEFINITION
• 3-3-3-3-3 Ending Diagonal - Any wave
• Zig Zag - B wave ZZ (FAMILY) = ZIGZAG (FAMILY)
• Flat - A wave • Zig Zag
• Double Zig Zag - WXY
• Flat - B wave
• Triple Zig Zag - WXYXZ
• Triangle - Any wave COMBO
• Combo - W, Y, Z or X waves • Double Combo - WXY
• Triple Combo - WXYXZ
 FLAT - REGULAR
(B)
c

b a 2

1
a 4
b
3
c 5
(A) (C)

WAVE A WAVE B WAVE C

ZZ (family) ZZ (family) Impulse
Flat Ending Diagonal
Combo

STRUCTURE F I B O N A C C I R AT I O
SUBDIVISION: 3 waves • WAVE B
STRUCTURE: 3-3-5 • 90% of wave A
• WAVE C
POSITION • 61.8%, 100%, or 127.2% of wave A

• Impulse - 2nd wave

• Impulse - 4th wave
• Zig Zag - B wave
• Flat - A wave
• Combo - W, Y, Z or X waves
• Double & Triple ZigZag - X waves

DEFINITION RULES / GUIDELINES

ZZ (FAMILY) = ZIGZAG (FAMILY) • WAVE B - Retrace at least 90% of wave A
• Zig Zag
• WAVE C - Usually ends beyond the end of wave A
• Double Zig Zag - WXY
• Triple Zig Zag - WXYXZ
COMBO
• Double Combo - WXY
• Triple Combo - WXYXZ
 FLAT - EXPANDED
(B)
c

2
a
b
1
b
a 4

c 3
(A)
5
(C)

WAVE A WAVE B WAVE C

ZZ (family) ZZ (family) Impulse
Flat Ending Diagonal
Combo

STRUCTURE F I B O N A C C I R AT I O
SUBDIVISION: 3 waves • WAVE B
STRUCTURE: 3-3-5 • 127.2% or 1.618% of wave A
• WAVE C
POSITION • 127.2% or 161.8%, of wave A

• Impulse - 2nd wave

• Impulse - 4th wave
• Zig Zag - B wave
• Flat - A wave
• Combo - W, Y, Z or X waves
• Double & Triple ZigZag - X waves

DEFINITION RULES / GUIDELINES

ZZ (FAMILY) = ZIGZAG (FAMILY) • WAVE B - Retrace more than 100% the start of wave A
• Zig Zag
• WAVE C - Goes beyond the end of wave A
• Double Zig Zag - WXY
• Triple Zig Zag - WXYXZ
COMBO
• Double Combo - WXY
• Triple Combo - WXYXZ
 FLAT - RUNNING
(B)
c

2
a
b
1
4
b
3
a
5
(C)
c
(A)

WAVE A WAVE B WAVE C

ZZ (family) ZZ (family) Impulse
Flat Ending Diagonal
Combo

STRUCTURE F I B O N A C C I R AT I O
SUBDIVISION: 3 waves • WAVE B
STRUCTURE: 3-3-5 • 127.2% or 1.618% of wave A
• WAVE C
POSITION • 61.8% or 100% of wave A

• Impulse - 2nd wave

• Impulse - 4th wave
• Zig Zag - B wave
• Flat - A wave
• Combo - W, Y, Z or X waves
• Double & Triple ZigZag - X waves

DEFINITION RULES / GUIDELINES

ZZ (FAMILY) = ZIGZAG (FAMILY) • WAVE B - Retrace more than 100% the start of wave A
• Zig Zag
• WAVE C - Does not go beyond the end of wave A
• Double Zig Zag - WXY
• Triple Zig Zag - WXYXZ
COMBO
• Double Combo - WXY
• Triple Combo - WXYXZ
 DOUBLE COMBO
(X)
b c

b
a

a
b
a
c
(W)
c
(Y)

WAVE W WAVE X WAVE Y

ZigZag ZZ (family) ZigZag
Flat Flat Flat
Triangle

STRUCTURE F I B O N A C C I R AT I O
SUBDIVISION: 5 waves • WAVE X
STRUCTURE: 3-3-3 • 61.8%, 78.6% or 88.7% of wave W
• WAVE Y
POSITION
• 61.8%, 100%, 127.2%, or 161.8% of wave W
• Impulse - 2nd wave
• Impulse - 4th wave
• Zig Zag - B wave
• Flat - A wave

DEFINITION RULES / GUIDELINES

ZZ (FAMILY) = ZIGZAG (FAMILY) • Must be a sideways correction
• Zig Zag
• WAVE W & Y - Actionary waves
• Double Zig Zag - WXY
• Triple Zig Zag - WXYXZ • Only one actionary wave can be a simple ZigZag
COMBO • WAVE X - Can go past the beginning of wave W
• Double Combo - WXY
• Triple Combo - WXYXZ
 TRIPLE COMBO
(X)
b c
(X)
b c
a
b
a a
b
a
c b
(W) a
c
(Y)
c
(Z)

WAVE W WAVE X WAVE Y WAVE X WAVE Z

ZigZag ZZ (family) ZigZag ZZ (family) ZigZag
Flat Flat Flat Flat Flat
Triangle

STRUCTURE F I B O N A C C I R AT I O
SUBDIVISION: 5 waves • WAVE X
STRUCTURE: 3-3-3 • 61.8%, 78.6% or 88.7% of wave W
• WAVE Y
POSITION
• 61.8%, 100%, 127.2%, or 161.8% of wave W
• Impulse - 2nd wave • WAVE X
• Impulse - 4th wave • 61.8%, 78.6% or 88.7% of wave Y
• Zig Zag - B wave • WAVE Z
• Flat - A wave • 61.8%, 100%, 127.2% or 161.8% of wave W

DEFINITION RULES / GUIDELINES

ZZ (FAMILY) = ZIGZAG (FAMILY) • Must be a sideways correction
• Zig Zag
• WAVE W, Y & Z - Actionary waves
• Double Zig Zag - WXY
• Triple Zig Zag - WXYXZ • Only two actionary waves can be simple ZigZags
COMBO • WAVE X - Can go past the beginning of wave W or Y
• Double Combo - WXY
• Triple Combo - WXYXZ
 c
(Y)

DOUBLE ZIGZAG
b (X)
c
a

a b

b
c a
(W)

c
(Y)

WAVE W WAVE X WAVE Y

ZigZag ZZ (family) ZigZag
Flat
Combo
Triangle

STRUCTURE F I B O N A C C I R AT I O
SUBDIVISION: 5 waves • WAVE X
STRUCTURE: 3-3-3 • 38.2% or 50% of wave W
• WAVE Y
POSITION
• 61.8%, 100%, 127.2% or 161.8% of wave W
• Impulse - 2nd wave
• Impulse - 4th wave
• Zig Zag - B wave
• Flat - A wave
• Flat - B wave
• Triangle - Any wave
• 3-3-3-3-3 Diagonal - Any wave

DEFINITION RULES / GUIDELINES

ZZ (FAMILY) = ZIGZAG (FAMILY) • Must be a sharp correction
• Zig Zag
• WAVE W & Y - Actionary waves
• Double Zig Zag - WXY
• Triple Zig Zag - WXYXZ • WAVE W & Y - Must be simple ZigZags
COMBO • WAVE X - Cannot go past the beginning of wave W
• Double Combo - WXY
• Triple Combo - WXYXZ
 TRIPLE ZIGZAG
b (X)
c
a
(X)
a b c
a
b
c b
a
(W)
b
c a
(Y)

c
(Z)

WAVE W WAVE X WAVE Y WAVE X WAVE Z

ZigZag ZZ (family) ZigZag ZZ (family) ZigZag
Flat Flat
Combo Combo
Triangle

STRUCTURE F I B O N A C C I R AT I O
SUBDIVISION: 5 waves • WAVE X
STRUCTURE: 3-3-3-3-3 • 38.2% or 50% of wave W
• WAVE Y
POSITION
• 61.8%, 100%, 127.2% or 161.8% of wave W
• Impulse - 2nd wave • WAVE X
• Impulse - 4th wave • 38.2% or 50% of wave Y
• Zig Zag - B wave • WAVE Z
• Flat - A wave • 61.8%, 100%, 127.2% or 161.8% of wave Y
• Flat - B wave
• Triangle - Any wave
• 3-3-3-3-3 Diagonal - Any wave

DEFINITION RULES / GUIDELINES

ZZ (FAMILY) = ZIGZAG (FAMILY) • Must be a sharp correction
• Zig Zag
• WAVE W, Y & Z - Actionary waves
• Double Zig Zag - WXY
• Triple Zig Zag - WXYXZ • WAVE W, Y & Z - Must be simple ZigZags
COMBO • WAVE X - Cannot go past the beginning of wave W or Y
• Double Combo - WXY
• Triple Combo - WXYXZ
 TRIANGLE - CONTRACTING
(B)
c
(D)
c
b
b
a b
a
a
a a
b
b c
(E)
c
(C)
c
(A)

WAVE A WAVE B WAVE C WAVE D WAVE E

ZZ (family) ZZ (family) ZZ (family) ZZ (family) ZZ (family)
Triangle Triangle Triangle Triangle Triangle

STRUCTURE F I B O N A C C I R AT I O
SUBDIVISION: 5 waves • WAVE B
STRUCTURE: 3-3-3-3-3 • 61.8% - 161.8% of wave A
• WAVE C
POSITION
• 61.8%, 78.6% of wave A
• Impulse - 4th wave • WAVE D
• Zig Zag - B wave • 61.8%, 78.6% of wave B
• Double Combo - Y wave
• Triple Combo - Z wave
• Double ZigZag - X wave
• Triple ZigZag - Las X wave

DEFINITION RULES / GUIDELINES

ZZ (FAMILY) = ZIGZAG (FAMILY) • WAVE C - Cannot go past the end of wave A
• Zig Zag
• WAVE D - Cannot go past the end of wave B
• Double Zig Zag - WXY
• Triple Zig Zag - WXYXZ • WAVE E - Cannot go past the end of wave C
COMBO • At least four of the waves must be simple ZigZags
• Double Combo - WXY • Only one wave can be complex. If the complex wave is
• Triple Combo - WXYXZ
a triangle, it usually occurs in the E wave.
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