ELLIOTT WAVE
F I R S T E D I T I O N ( V. 2 )
CHEAT SHEETS
MENTO
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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
3
(3)
5
3
4
1
1
b
3
WAVE 2
WAVE 3
Impulse
ZZ (family)
Leading Diagonal
Flat
Combo
Impulse
STRUCTURE
SUBDIVISION: 5 waves
STRUCTURE:
5-3-5-3-5
POSITION
•
•
•
•
•
•
Impulse - 1st wave
Impulse - 3rd wave
Impulse - 5th wave
Zig Zag - A wave
Zig Zag - C wave
Flat - C wave
WAVE 4
WAVE 5
ZZ (family)
Impulse
Flat
Ending Diagonal
Combo
Triangle
F I B O N A C C I R AT I O
•
WAVE 2
• 50%, 61.8%, 78.6%, or 88.7% of wave 1
•
WAVE 3
• 161.8%, 175%, 227.2%, or 361.8% of wave 1
•
WAVE 4
• 23.6%, 38.2%, 50% or 61.8% of wave 3
•
WAVE 5
• Inverse 123.6% – 161.8% retracement of wave 4
• Equal to wave 1
• 61.8% of wave 1-3
DEFINITION
ZZ (FAMILY) = ZIGZAG (FAMILY)
• Zig Zag
• Double Zig Zag - WXY
• Triple Zig Zag - WXYXZ
COMBO
• Double Combo - WXY
• Triple Combo - WXYXZ
c
(4)
2
c
(2)
2
WAVE 1
a
4
2
a
4
1
b
(1)
5
(5)
5
RULES / GUIDELINES
•
WAVE 2 - Cannot retrace more than the beginning of wave 1.
•
WAVE 3 - Cannot be the shortest impulse wave but
does not have to be the longest.
•
WAVE 4 - Cannot overlap the end of wave 1
DIAGONAL - CONTRACTING
(5)
UP TREND
TRENDLINE
(5)
(3)
(5)
(3)
(3)
(1)
(4)
(1)
(1)
(4)
(4)
(2)
(2)
DOWN TREND
(2)
(2)
(2)
(4)
(4)
(1)
(1)
(3)
(3)
(5)
WAVE 1
WAVE 2 WAVE 3 WAVE 4 WAVE 5
ZZ (family)
Impulse
ZZ (family) ZZ (fam.) ZZ (fam.) ZZ (fam.)
Impulse
Impulse
(5)
STRUCTURE
SUBDIVISION: 5 waves
STRUCTURE:
LEADING DIAGONAL
5-3-5-3-5
3-3-3-3-3
F I B O N A C C I R AT I O
•
WAVE 2
• 61.8% or 78.6% of wave 1
•
WAVE 4
• 61.8% or 78.6% of wave 3
ENDING DIAGONAL
3-3-3-3-3
POSITION
•
•
•
•
•
Impulse - 1st wave
Impulse - 5th wave
Zig Zag - A wave
Zig Zag - C wave
Flat - C wave
DEFINITION
ZZ (FAMILY) = ZIGZAG (FAMILY)
• Zig Zag
• Double Zig Zag - WXY
• Triple Zig Zag - WXYXZ
RULES / GUIDELINES
•
WAVE 1 - Longest wave
•
WAVE 2 - Cannot go past the start of wave 1
•
WAVE 3 - Cannot be the shortest wave
•
WAVE 3 - Shorter than wave 1 & longer than wave 5
•
WAVE 4 - Shorter than wave 2
•
WAVE 4 - Cannot go past the end of wave 2
•
WAVE 5 - Shortest wave; shorter than wave 3
•
WAVE 5 - Can overshoot or undershoot the trendline
•
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)
(4)
(2)
(2)
(1)
DOWN TREND
(2)
(2)
(4)
(4)
(4)
(2)
(1)
(1)
WAVE 1 WAVE 2 WAVE 3
(3)
(3)
(5)
(5)
ZZ (fam.) ZZ (fam.)
Impulse
STRUCTURE
SUBDIVISION: 5 waves
STRUCTURE:
LEADING DIAGONAL
5-3-5-3-5
3-3-3-3-3
ZZ (fam.)
Impulse
WAVE 4 WAVE 5
ZZ (family)
ZZ (fam.)
Impulse
F I B O N A C C I R AT I O
•
WAVE 2
• 61.8% or 78.6% of wave 1
•
WAVE 4
• 61.8% or 78.6% of wave 3
ENDING DIAGONAL
3-3-3-3-3
POSITION
•
•
•
•
•
Impulse - 1st wave
Impulse - 5th wave
Zig Zag - A wave
Zig Zag - C wave
Flat - C wave
DEFINITION
ZZ (FAMILY) = ZIGZAG (FAMILY)
• Zig Zag
• Double Zig Zag - WXY
• Triple Zig Zag - WXYXZ
RULES / GUIDELINES
•
WAVE 1 - Shortest wave
•
WAVE 2 - Cannot go past the start of wave 1
•
WAVE 3 - Cannot be the shortest wave
•
WAVE 3 - Longer than wave 1 & shorter than wave 5
•
WAVE 4 - Longer than wave 2
•
WAVE 4 - Cannot go past the end of wave 2
•
WAVE 5 - Longest wave; Longer than wave 3
•
WAVE 5 - Can overshoot or undershoot the trendline
•
WAVE 5 - Cannot be truncated (not reach end of Wave 3)
1
4
(2)
LEADING DIAGONAL
2
(5)
(C)
(3)
LEADING DIAGONAL
LEADING DIAGONAL
(1)
5
(A)
5
(4)
3
3
1
1
4
4
(2)
2
2
WAVE 1
(C)
Contracting
Expanding
WAVE A
Contracting
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
STRUCTURE:
5-3-5-3-5
1 3-3-3-3-3
4
•
2
Impulse - 1st wave
Zig Zag - A wave
DEFINITION
ZZ (FAMILY) = ZIGZAG (FAMILY)
• Zig Zag
• Double Zig Zag - WXY
• Triple Zig Zag - WXYXZ
WAVE 1-5
• Refer to Expanding & Contracting Diagonal sheets
for ratios
(B)
POSITION
•
•
(B)
RULES / GUIDELINES
•
WAVE 1-5 - Refer to Expanding & Contracting
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
•
WAVE 4 - Cannot go past the end of wave 2
•
WAVE 4 - Is always a ZigZag Family
•
WAVE 5 - Cannot truncate
(2)
ENDING DIAGONAL
(5)
5
3
(C)
5
1
(3)
3
(A)
4
1
4
2
(1)
2
(4)
(B)
ENDING DIAGONAL
ENDING DIAGONAL
WAVE 5
WAVE C
Contracting
Expanding
Contracting
Expanding
(2)
(C)
5
STRUCTURE
(A)
SUBDIVISION: 5 waves
STRUCTURE:
3-3-3-3-3
3
1
F I B O N A C C I R AT I O
•
WAVE 1-5
• Refer to Expanding & Contracting Diagonal sheets
4
for ratios
2
(B)
POSITION
•
•
•
Impulse - 5th wave
Zig Zag - C wave
Flat - C wave
DEFINITION
ZZ (FAMILY) = ZIGZAG (FAMILY)
• Zig Zag
• Double Zig Zag - WXY
• Triple Zig Zag - WXYXZ
RULES / GUIDELINES
•
WAVE 1-5 - Refer to Expanding & Contracting
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
•
WAVE 3 - Is always a ZigZag Family
•
WAVE 4 - Cannot go past the end of wave 2
•
WAVE 4 - Is always a ZigZag Family
•
WAVE 5 - Can truncate only in a contracting diagonal
•
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
a
4
2
3
b
1
4
5
(A)
3
5
(C)
WAVE A
WAVE B
WAVE C
Impulse
Leading Diagonal
ZZ (family)
Flat
Combo
Triangle
Impulse
Ending Diagonal
STRUCTURE
SUBDIVISION: 3 waves
STRUCTURE:
5-3-5
F I B O N A C C I R AT I O
•
WAVE B
• 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
•
•
•
•
•
•
•
•
•
•
•
Impulse - 2nd wave
Impulse - 4th wave
5-3-5-3-5 Leading Diagonal - 2nd wave
5-3-5-3-5 Leading Diagonal - 4th wave
3-3-3-3-3 Leading Diagonal - Any wave
3-3-3-3-3 Ending Diagonal - Any wave
Zig Zag - B wave
Flat - A wave
Flat - B wave
Triangle - Any wave
Combo - W, Y, Z or X waves
RULES / GUIDELINES
•
WAVE B - Cannot retrace more than 100% of wave A
•
WAVE C - Almost always ends beyond A
•
WAVE C - Can be truncated
DEFINITION
ZZ (FAMILY) = ZIGZAG (FAMILY)
• Zig Zag
• Double Zig Zag - WXY
• Triple Zig Zag - WXYXZ
COMBO
• Double Combo - WXY
• Triple Combo - WXYXZ
FLAT - REGULAR
(B)
c
a
b
2
1
a
4
b
3
c
(A)
WAVE A
WAVE B
WAVE C
ZZ (family)
Flat
Combo
ZZ (family)
Impulse
Ending Diagonal
STRUCTURE
SUBDIVISION: 3 waves
STRUCTURE:
3-3-5
F I B O N A C C I R AT I O
•
WAVE B
• 90% of wave A
•
WAVE C
• 61.8%, 100%, or 127.2% of wave A
POSITION
•
•
•
•
•
•
5
(C)
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
ZZ (FAMILY) = ZIGZAG (FAMILY)
• Zig Zag
• Double Zig Zag - WXY
• Triple Zig Zag - WXYXZ
COMBO
• Double Combo - WXY
• Triple Combo - WXYXZ
RULES / GUIDELINES
•
WAVE B - Retrace at least 90% of wave A
•
WAVE C - Usually ends beyond the end of wave A
FLAT - EXPANDED
(B)
c
2
a
b
1
b
a
4
c
(A)
3
5
(C)
WAVE A
WAVE B
WAVE C
ZZ (family)
Flat
Combo
ZZ (family)
Impulse
Ending Diagonal
STRUCTURE
SUBDIVISION: 3 waves
STRUCTURE:
3-3-5
F I B O N A C C I R AT I O
•
WAVE B
• 127.2% or 1.618% of wave A
•
WAVE C
• 127.2% or 161.8%, of wave A
POSITION
•
•
•
•
•
•
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
ZZ (FAMILY) = ZIGZAG (FAMILY)
• Zig Zag
• Double Zig Zag - WXY
• Triple Zig Zag - WXYXZ
COMBO
• Double Combo - WXY
• Triple Combo - WXYXZ
RULES / GUIDELINES
•
WAVE B - Retrace more than 100% the start of wave A
•
WAVE C - Goes beyond the end of wave A
FLAT - RUNNING
(B)
c
2
a
b
1
b
4
3
a
5
(C)
c
(A)
WAVE A
WAVE B
WAVE C
ZZ (family)
Flat
Combo
ZZ (family)
Impulse
Ending Diagonal
STRUCTURE
SUBDIVISION: 3 waves
STRUCTURE:
3-3-5
F I B O N A C C I R AT I O
•
WAVE B
• 127.2% or 1.618% of wave A
•
WAVE C
• 61.8% or 100% of wave A
POSITION
•
•
•
•
•
•
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
ZZ (FAMILY) = ZIGZAG (FAMILY)
• Zig Zag
• Double Zig Zag - WXY
• Triple Zig Zag - WXYXZ
COMBO
• Double Combo - WXY
• Triple Combo - WXYXZ
RULES / GUIDELINES
•
WAVE B - Retrace more than 100% the start of wave A
•
WAVE C - Does not go beyond the end of wave A
DOUBLE COMBO
(X)
c
b
b
a
a
b
a
c
(W)
WAVE W
WAVE X
WAVE Y
ZigZag
Flat
ZZ (family)
Flat
ZigZag
Flat
Triangle
STRUCTURE
SUBDIVISION: 5 waves
STRUCTURE:
3-3-3
POSITION
•
•
•
•
c
(Y)
F I B O N A C C I R AT I O
•
WAVE X
• 61.8%, 78.6% or 88.7% of wave W
•
WAVE Y
• 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
ZZ (FAMILY) = ZIGZAG (FAMILY)
• Zig Zag
• Double Zig Zag - WXY
• Triple Zig Zag - WXYXZ
COMBO
• Double Combo - WXY
• Triple Combo - WXYXZ
RULES / GUIDELINES
•
Must be a sideways correction
•
WAVE W & Y - Actionary waves
•
Only one actionary wave can be a simple ZigZag
•
WAVE X - Can go past the beginning of wave W
TRIPLE COMBO
(X)
c
b
a
a
b
a
b
a
c
(W)
b
a
c
(Y)
c
(Z)
WAVE W
WAVE X
WAVE Y
WAVE X
WAVE Z
ZigZag
Flat
ZZ (family)
Flat
ZigZag
Flat
ZZ (family)
Flat
ZigZag
Flat
Triangle
STRUCTURE
SUBDIVISION: 5 waves
STRUCTURE:
3-3-3
POSITION
•
•
•
•
(X)
c
b
Impulse - 2nd wave
Impulse - 4th wave
Zig Zag - B wave
Flat - A wave
F I B O N A C C I R AT I O
•
WAVE X
• 61.8%, 78.6% or 88.7% of wave W
•
WAVE Y
• 61.8%, 100%, 127.2%, or 161.8% of wave W
•
WAVE X
• 61.8%, 78.6% or 88.7% of wave Y
•
WAVE Z
• 61.8%, 100%, 127.2% or 161.8% of wave W
DEFINITION
ZZ (FAMILY) = ZIGZAG (FAMILY)
• Zig Zag
• Double Zig Zag - WXY
• Triple Zig Zag - WXYXZ
COMBO
• Double Combo - WXY
• Triple Combo - WXYXZ
RULES / GUIDELINES
•
Must be a sideways correction
•
WAVE W, Y & Z - Actionary waves
•
Only two actionary waves can be simple ZigZags
•
WAVE X - Can go past the beginning of wave W or Y
c
(Y)
DOUBLE ZIGZAG
(X)
c
b
a
a
b
b
c
(W)
a
c
(Y)
WAVE W
WAVE X
WAVE Y
ZigZag
ZZ (family)
Flat
Combo
Triangle
ZigZag
STRUCTURE
SUBDIVISION: 5 waves
STRUCTURE:
3-3-3
POSITION
•
•
•
•
•
•
•
F I B O N A C C I R AT I O
•
WAVE X
• 38.2% or 50% of wave W
•
WAVE Y
• 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
ZZ (FAMILY) = ZIGZAG (FAMILY)
• Zig Zag
• Double Zig Zag - WXY
• Triple Zig Zag - WXYXZ
COMBO
• Double Combo - WXY
• Triple Combo - WXYXZ
RULES / GUIDELINES
•
Must be a sharp correction
•
WAVE W & Y - Actionary waves
•
WAVE W & Y - Must be simple ZigZags
•
WAVE X - Cannot go past the beginning of wave W
TRIPLE ZIGZAG
(X)
c
b
a
(X)
c
b
a
a
b
c
(W)
b
a
b
c
(Y)
a
c
(Z)
WAVE W
WAVE X
WAVE Y
WAVE X
WAVE Z
ZigZag
ZZ (family)
Flat
Combo
ZigZag
ZZ (family)
Flat
Combo
Triangle
ZigZag
STRUCTURE
SUBDIVISION: 5 waves
STRUCTURE:
3-3-3-3-3
POSITION
•
•
•
•
•
•
•
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
F I B O N A C C I R AT I O
•
WAVE X
• 38.2% or 50% of wave W
•
WAVE Y
• 61.8%, 100%, 127.2% or 161.8% of wave W
•
WAVE X
• 38.2% or 50% of wave Y
•
WAVE Z
• 61.8%, 100%, 127.2% or 161.8% of wave Y
DEFINITION
ZZ (FAMILY) = ZIGZAG (FAMILY)
• Zig Zag
• Double Zig Zag - WXY
• Triple Zig Zag - WXYXZ
COMBO
• Double Combo - WXY
• Triple Combo - WXYXZ
RULES / GUIDELINES
•
Must be a sharp correction
•
WAVE W, Y & Z - Actionary waves
•
WAVE W, Y & Z - Must be simple ZigZags
•
WAVE X - Cannot go past the beginning of wave W or Y
TRIANGLE - CONTRACTING
(B)
c
(D)
c
b
b
a
b
a
a
a
b
b
c
(C)
a
c
(E)
c
(A)
WAVE A
WAVE B
WAVE C
WAVE D WAVE E
ZZ (family)
Triangle
ZZ (family)
Triangle
ZZ (family)
Triangle
ZZ (family) ZZ (family)
Triangle
Triangle
STRUCTURE
SUBDIVISION: 5 waves
STRUCTURE:
3-3-3-3-3
POSITION
•
•
•
•
•
•
Impulse - 4th wave
Zig Zag - B wave
Double Combo - Y wave
Triple Combo - Z wave
Double ZigZag - X wave
Triple ZigZag - Las X wave
F I B O N A C C I R AT I O
•
WAVE B
• 61.8% - 161.8% of wave A
•
WAVE C
• 61.8%, 78.6% of wave A
•
WAVE D
• 61.8%, 78.6% of wave B
DEFINITION
ZZ (FAMILY) = ZIGZAG (FAMILY)
• Zig Zag
• Double Zig Zag - WXY
• Triple Zig Zag - WXYXZ
COMBO
• Double Combo - WXY
• Triple Combo - WXYXZ
RULES / GUIDELINES
•
WAVE C - Cannot go past the end of wave A
•
WAVE D - Cannot go past the end of wave B
•
WAVE E - Cannot go past the end of wave C
•
•
At least four of the waves must be simple ZigZags
Only one wave can be complex. If the complex wave is
a triangle, it usually occurs in the E wave.
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@CRYPTOMENTO
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