What it draws
Marks the rarest corrective form: a triple-three combination labelled W, X, Y, X, Z, in which three corrective structures are linked by two X waves. It denotes an unusually prolonged, sideways corrective phase.
How to draw it
- Pick Elliott Triple Combo Wave (WXYXZ) from the left toolbar (Elliott Waves group).
- Six anchor points: click the origin, then the end of W, the first X, Y, the second X, and finally Z. The chart connects the pivots and prints all five labels.
How traders use it
- Use only after a double-combo count has clearly extended into a further corrective structure — triples are the label of last resort.
- The end of Z bounds the correction: a break beyond it signals the corrective phase is over and the larger trend is resuming.
- Expect the whole structure to be broadly sideways; strongly trending 'combinations' are usually misidentified impulses.
- Time symmetry between the three corrective phases can help estimate when Z is likely to complete.
Settings reference
Double-click the drawing (or use its floating toolbar → gear) to open settings:
| Setting | Control | Possible values | Default | Effect |
|---|---|---|---|---|
| Degree | select | Grand Supercycle | Supercycle | Cycle | Primary | Intermediate | Minor | Minute | Minuette | Subminuette | Intermediate | Wave degree — controls the notation convention used for the wave point labels. |
| Label Style | select | 1 2 3 4 5 (arabic) | I II III IV V (roman) | A B C D E (letters) | 1 2 3 4 5 (arabic) | Numbering/lettering style used for the wave point labels. |
| Color | color | any color (theme color picker) | #05B878 | Main stroke color of the drawing — lines, outlines and (unless overridden) labels derive from it. |
| Line Width | select | 1px | 2px | 3px | 4px | 2px | Stroke thickness of the drawing’s lines and outlines. |
| Line Style | select | Solid | Dashed | Dotted | Solid | Dash pattern used for the drawing’s lines. |
| [Tab] Text — Text | checkbox + textarea | on/off, with a multiline text box for the label content | off (on when the drawing already carries text) | Enables an attached text label on the drawing; typing in the box auto-enables it and updates the label live. |
| [Tab] Text — Text Color | color | any color | same as the drawing’s line color | Color of the attached text label. |
| [Tab] Text — Font Size | select | 8, 10, 11, 12, 14, 16, 18, 20, 24, 28, 32, 36, 48, 64, 72 | 14 | Point size of the attached label text. |
| [Tab] Text — Bold | checkbox | on/off (B toggle button) | off | Renders the label in bold. |
| [Tab] Text — Italic | checkbox | on/off (I toggle button) | off | Renders the label in italics. |
| [Tab] Text — Word Wrap | checkbox | on/off | off | Wraps long label text onto multiple lines instead of one long line. |
| [Tab] Text — Text alignment (vertical) | select | Top | Middle | Bottom | Top | Vertical placement of the label relative to the drawing. |
| [Tab] Text — Text alignment (horizontal) | select | Left | Center | Right | Center | Horizontal placement of the label relative to the drawing. |
| [Tab] Coordinates | number + datetime | one row per anchor point: price (number, step 0.05) and local date/time | the drawing’s current anchor values | Edits anchor geometry numerically — changing a point’s price or time moves the drawing live on the chart. |
| [Tab] Visibility | checkbox + number range | interval buckets: Ticks; Seconds 1–59; Minutes 1–59; Hours 1–24; Days 1–366; Weeks 1–52; Months 1–12; Ranges (each bucket has an on/off checkbox, most also a from–to range) | visible on all intervals | Per-timeframe visibility rules — untick a bucket to hide the drawing on those chart resolutions, or narrow the from–to range within a bucket. |
Editing & managing
- Move / adjust: drag the drawing or any anchor handle; magnet mode snaps points to OHLC values.
- Clone / lock / hide / delete from the floating toolbar or right-click menu.
- Templates: save the current style from the settings dialog and reapply it to new drawings.
- Every action is undoable (⌘Z / Ctrl+Z).
Watch out for
- By the time a triple combo is identifiable the correction is nearly over — its practical value is mostly in defining the invalidation point, not in forecasting.