Latest posts

    Bitcoin – The bottom is not in! 15k or 10k (careful)

    March 23, 2023

    Bitcoin – 10% crash, pullback is very likely!

    March 21, 2023

    Ethereum – Trendline from 2015 is breaking down! (unbeliveable)

    March 20, 2023
    Telegram RSS
    • My TradingView
    • Best way to trade futures
    • Best way to trade spot
    • The holy grail of trading
    • The game changer
    Telegram RSS
    Tolberti
    • Home
    • Education
      1. Motivation & Strategy
      2. Technical Basics
      3. Candlesticks
      4. Chart patterns
      5. Indicators
      6. FIbonacci
      7. Elliott wave
      8. Harmonic patterns
      9. View All

      What is drawdown in Trading

      December 2, 2022

      Trading Psychology and its Importance – Tips For a Winning Mindset

      November 2, 2022

      As a trader you need to stay disciplined!

      November 2, 2022

      How to Create a Successful Trading Plan – Step-By-Step Guide

      November 2, 2022

      Price action trading strategies that you need to know

      November 2, 2022

      Support and Resistance – A basic concept of technical analysis

      November 2, 2022

      Technical analysis explained – What is it and how does it work?

      November 2, 2022

      The most common mistakes technical analysts make

      November 2, 2022

      Candlestick Patterns – Complete Guide to Bearish and Bullish Candlesticks

      November 2, 2022

      Rising three methods

      August 11, 2022

      Falling three methods

      August 11, 2022

      Spinning top

      August 11, 2022

      Rising & Falling Wedge

      January 20, 2023

      Bullish Pennant

      January 20, 2023

      Bull Flag

      January 20, 2023

      Head and Shoulders

      January 20, 2023

      OBV – On-Balance Volume

      December 2, 2022

      Market Profile – A Complete Guide

      November 2, 2022

      Ichimoku cloud

      August 18, 2022

      Moving average (MA)

      August 18, 2022

      Fibonacci and Market Analysis

      August 13, 2022

      4 mistakes that Traders should avoid while Trading with Fibonacci

      August 13, 2022

      Why Fibonacci Series is important for Technical Analysis

      August 13, 2022

      A complete overview on trend and theory of retracement

      August 13, 2022

      Elliott Wave Cheat Sheet: All You Need

      August 14, 2022

      Elliott Wave Theory: Complex guide

      August 14, 2022

      Elliott Wave: All About How To Count

      August 14, 2022

      Leading And Ending Diagonal: How To Trade Them

      August 14, 2022

      Alternate bat pattern

      October 1, 2022

      The List of All Known Harmonic Patterns & Ratios

      October 1, 2022

      Cypher pattern

      September 1, 2022

      ABCD pattern

      August 13, 2022

      Rising & Falling Wedge

      January 20, 2023

      Bullish Pennant

      January 20, 2023

      Bull Flag

      January 20, 2023

      Head and Shoulders

      January 20, 2023
    • Technical analysis

      Bitcoin – The bottom is not in! 15k or 10k (careful)

      March 23, 2023

      Bitcoin – 10% crash, pullback is very likely!

      March 21, 2023

      Ethereum – Trendline from 2015 is breaking down! (unbeliveable)

      March 20, 2023

      Bitcoin – 100% probability to go down to 20k!

      March 17, 2023

      Bitcoin – Last crash before a pump! (must see)

      March 12, 2023
    • Info
      • Crypto news
      • Crypto converter
      • Crypto exchanges
      • My TradingView
      • Best way to trade futures
      • Best way to trade spot
    • Contact
    • My books
    • Join premium channel
    Tolberti
    Home»Education»Elliott wave»Double Three and Triple Three patterns
    Elliott wave

    Double Three and Triple Three patterns

    By TolbertiAugust 11, 2022No Comments
    Facebook Twitter Telegram WhatsApp Reddit Pinterest Email
    Share
    Facebook Twitter Telegram WhatsApp Reddit Pinterest Email

    Double and Triple Threes are the trickiest wave patterns, which consist of zigzags, flats, triangles, double and triple zigzags. There’s no any rule related to order of these correction patterns, except a position of a triangle in these structures.

    What’s a Double Three pattern?

    Simply put, that’s a combination of three correction patterns. Let’s have a look at an example below:

    The main rules for Double Threes trading

    • Double Three consists of three waves, which are marked as W-X-Y
    • Wave W could be any correction pattern, except triangles
    • Waves X and Y could take the form of any correction pattern
    • Double Three is formed horizontally or with a low dip against the main trend
    • In most cases, Double Threes are not deep corrections.

    We could count a correction as a Double Three only when the structure is almost over. In other words, it’s not possible to predict this pattern from the very beginning of a correction. So, if a structure, which fits the Double Three’s rules arrives, only then we could decide to mark this pattern.

    It’s important to understand that when we have just finished wave X, there’re always a few ways to finish the correction. We could have an impulse so that the correction could take the form of a flat. If a long zigzag is formed instead, then the correction turns out to be a double zigzag. Finally, if we have just a small zigzag, as shown in the chart above, then we could consider the possibility to have a double three pattern.

    Real Examples

    A Double Three pattern from zigzags is shown on the chart below. As you can see, waves (w), (x) and (y) are zigzags, so it’s the easiest shape of this pattern. Note that wave (y) is much the same as wave (w), so the correction moves almost horizontally, which is the key point in the rules for Double Threes.

    Another example is on the next chart. There’s a Double Three pattern with huge wave (x). Also, we could perfectly see the difference between a Double Three and a Double Zigzag. Wave (x) here is a Double Zigzag, so this wave has an upward direction. Wave ((iv)) has no direction, so we could mark it like a Double Three pattern as (w)-(x)-(y).

    Let’s have a look at the chart below. There are two Double Threes in waves B and ((x)). Wave (y) of ((x)) is a flat pattern, which the trickiest part of the structure. Meanwhile, both Double Threes patterns have a horizontal direction (remember, that’s the guiding criterion of any Double Three).

    Sometimes wave X could be far longer than the wave W. As you can see on the next chart, wave (x) ended below the starting point of the wave (w), but then an upward zigzag in wave (y) has arrived. Moreover, wave (a) of (x) is a leading diagonal that makes this count even more complicated. So, in the real-time wave counting, we could make a decision on a possible ending of the wave ((b)) as a Double Zigzag only after waves (i) and (ii) of ((c)).

    What’s a Triple Three pattern?

    This pattern is longer than Double Three, so it subdivides into five waves, which all move sideways against the main trend.

    The main rules for Double Threes trading

    • Triple Three consists of five waves, which label as W-X-Y-X-Z
    • Waves W, X, and Y could be any correction pattern, except triangles
    • Second wave X and Z could take the form of any correction pattern
    • Triple Three is formed horizontally or with a low dip against the main trend
    • In most cases, Triple Threes are not deep corrections.

    Triple Three is quite a rare pattern, so you should try to avoid counting it in real time. You can see an example of this pattern on the next chart, where wave ((b)) is a Triple Three. We could consider this structure as a Triple Zigzag only after wave (z). Actually, it works for all other correction patterns, so we should always wait until the full structure of correction arrives to make a decision on one or another wave count, which fits the rules the most.

     

    Share. Facebook Twitter Telegram WhatsApp Reddit Pinterest Email
    Previous ArticleTriangles (ABCDE)
    Next Article Impulse wave
    Tolberti
    • Website

    Professional trader and analyst. My specialization is in Elliott Wave Theory, Fibonacci tools, chart patterns, candlesticks, and price action. To analyze market structure, I use market profile and volume profile in my trading system. To analyze trends, I use trendlines, VWAP, and simple moving averages.

    Leave A Reply Cancel Reply

    Join premium channel
    Join Premium
    Random education
    Candlesticks

    Morning star

    TolbertiBy TolbertiAugust 11, 20220

    The morning star candlestick pattern is considered a sign of hope in a bleak market…

    Chart patterns

    Head and Shoulders

    TolbertiBy TolbertiJanuary 20, 20230

    A head and shoulders chart pattern typically indicates a reversal at the end of an…

    Indicators

    VWAP – Volume-weighted average price

    TolbertiBy TolbertiAugust 17, 20220

    If you are wondering what the Volume Weighted Average Price (VWAP) is or how to…

    Harmonic patterns

    Gartley pattern

    TolbertiBy TolbertiAugust 13, 20220

    Harmonic Patterns are one of the powerful advanced price action techniques that are used to…

    Elliott wave

    Ending diagonal

    TolbertiBy TolbertiAugust 11, 20220

    In the previous article, we discovered a leading diagonal, which acts as the beginning of an…

    Random analysis
    Technical analysis

    Binance BNB – Stronger than ETH! Best time to buy?

    TolbertiBy TolbertiAugust 22, 20220

    As I mentioned in my previous analysis, BNB hit a new all-time high on the BNBBTC pair, which is…

    Technical analysis

    Bitcoin – Please be greedy and FOMO in!

    TolbertiBy TolbertiJanuary 13, 20230

    Bitcoin is absolutely pumping heavily right now, and there is not too much time for…

    Technical analysis

    Bitcoin – You must see this!

    TolbertiBy TolbertiOctober 30, 20220

    Bitcoin is the beast! Did you see that green dildo on DOGE? This is what…

    Technical analysis

    Bitcoin BTC – Ready for a massive uptrend! | Elliott wave

    TolbertiBy TolbertiAugust 26, 20220

    Bitcoin has successfully completed a retracement of the first impulsive wave! This correction was very…

    Technical analysis

    Binance 80% CRASH! Black swan crypto event.

    TolbertiBy TolbertiDecember 31, 20220

    Fundamentals first. Binance Exchange is losing customers; that is a fact that everyone knows. The…

    Free technical analysis and education from a professional trader. Go to the "education" section and start learning immediately.

    💡Join my premium channel on Telegram (my trades, signals) - get access.

    ✅ 1 month: 49 USD
    ✅ 4 months: 99 USD
    ✅ 12 months: 149 USD
    ✅ Life Time: 249 USD

    Latest posts

    Bitcoin – The bottom is not in! 15k or 10k (careful)

    March 23, 2023

    Bitcoin – 10% crash, pullback is very likely!

    March 21, 2023

    Ethereum – Trendline from 2015 is breaking down! (unbeliveable)

    March 20, 2023
    Get Informed

    Subscribe to Updates

    Get the latest news about crypto, technical analysis and trading.

    Telegram RSS
    • Home
    • Education
    • Technical analysis
    • Info
    • Contact
    • Terms of use
    • My book
    • Join premium channel
    © 2023 Tolberti.com. All rights reserved.

    Type above and press Enter to search. Press Esc to cancel.

    This website uses cookies to give you the most relevant experience.
    Cookie SettingsAccept
    Manage consent

    Privacy Overview

    This website uses cookies to improve your experience while you navigate through the website. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may affect your browsing experience.
    Necessary
    Always Enabled
    Necessary cookies are absolutely essential for the website to function properly. These cookies ensure basic functionalities and security features of the website, anonymously.
    CookieDurationDescription
    cookielawinfo-checkbox-analytics11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Analytics".
    cookielawinfo-checkbox-functional11 monthsThe cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional".
    cookielawinfo-checkbox-necessary11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookies is used to store the user consent for the cookies in the category "Necessary".
    cookielawinfo-checkbox-others11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Other.
    cookielawinfo-checkbox-performance11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Performance".
    viewed_cookie_policy11 monthsThe cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. It does not store any personal data.
    Functional
    Functional cookies help to perform certain functionalities like sharing the content of the website on social media platforms, collect feedbacks, and other third-party features.
    Performance
    Performance cookies are used to understand and analyze the key performance indexes of the website which helps in delivering a better user experience for the visitors.
    Analytics
    Analytical cookies are used to understand how visitors interact with the website. These cookies help provide information on metrics the number of visitors, bounce rate, traffic source, etc.
    Advertisement
    Advertisement cookies are used to provide visitors with relevant ads and marketing campaigns. These cookies track visitors across websites and collect information to provide customized ads.
    Others
    Other uncategorized cookies are those that are being analyzed and have not been classified into a category as yet.
    SAVE & ACCEPT