Corrective
Simple Correction
QUICK DEFINITION
Simple Correction in Elliott Wave Theory: A single corrective pattern (zigzag, flat, or triangle) as opposed to a complex correction that combines multiple patterns with X waves.
What Simple Correction Means
A single corrective pattern (zigzag, flat, or triangle) as opposed to a complex correction that combines multiple patterns with X waves.
Where You'll See It
Simple Correction appears regularly in Artavest's weekly wave-count analysis across 108 US stocks and ETFs. It's part of the corrective family of Elliott Wave concepts and shows up most often when analysts are decoding a 3-wave correction inside a larger impulse — A-B-C, zigzag, flat, or triangle.
LEARN MORE
- → Elliott Wave Theory Guide — the 5-3 pattern, rules, Fibonacci, wave degrees
- → Elliott Wave Cheat Sheet — the 3 absolute rules and 6 Fibonacci relationships
- → Our Methodology — how Artavest analysts count waves on 108 US instruments
RELATED TERMS
Complex Correction
A corrective pattern consisting of two or three simple corrective patterns joine...
Zigzag
A sharp three-wave corrective pattern labeled A-B-C where Wave A and Wave C are ...
Flat
A three-wave corrective pattern (A-B-C) where Wave A is three waves, Wave B retr...
Triangle
A five-wave sideways corrective pattern labeled A-B-C-D-E. Triangles form conver...