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Double Three Correction

By Smart Wave Analysis Research TeamUpdated How we analyzeAdvanced

A double three is a sideways correction made of two simple corrective patterns, labelled W and Y, joined by a three-wave connecting move labelled X. It is used by the market to extend a correction in time.

Structure

A double three combines two corrective patterns. The first, W, is often a zigzag or flat. The second, Y, is often a flat or triangle. The X wave between them is a correction in the opposite direction, usually a zigzag.

Unlike a double zigzag, which is steep, a double three is mostly sideways. Its goal is to use up time rather than to retrace a lot of price.

Double three combination diagram with a zigzag W, an X wave and a flat Y moving sideways
Double threes are sideways. Their job is to use up time.

Common combinations

  • Zigzag, X, flat.
  • Flat, X, flat.
  • Zigzag, X, triangle.
  • Flat, X, triangle.

Usually only one zigzag and one triangle appear in a combination, and a triangle, if present, is the last pattern.

How to spot one

A double three often begins when a correction looks complete, but the trend does not resume with strength. Instead, the market moves sideways again. If the move after the first pattern is a three-wave move rather than an impulse, it may be wave X.

Double three diagram where Y is a triangle
When a triangle appears as Y, the trend often resumes after it.

Trading tips

  • Be patient. Double threes can last much longer than expected.
  • Do not label every bounce in a sideways market as a new trend.
  • Look for a triangle or flat as the final Y wave before the trend resumes.
Comparison diagram of a steep double zigzag and a sideways double three
A double zigzag retraces a lot of price. A double three mainly retraces time.

Frequently asked questions

What is a double three?

A sideways correction of two simple patterns, W and Y, joined by an X wave.

How is a double three different from a double zigzag?

A double zigzag is steep and deep. A double three is mostly sideways and extends a correction in time.

Which patterns can make up a double three?

Usually a mix of zigzags, flats and triangles, with any triangle coming last.

Sources and further reading

Educational content only. Nothing on this page is financial advice or a recommendation to buy or sell. Trading involves risk and you can lose money. Elliott Wave counts are probabilities, not certainties. Read our full disclaimer and affiliate disclosure.