The Elliott X-Wave
component of the Elliott wave combinations. One example of Elliott combinations is
corrective phase can extend beyond expectations. And in those instances, instead of a
normal flat, zigzag or triangle corrective wave pattern, the corrective phase often turns
where the new trend stalls, it generates the Elliott X-Wave that is ultimately the failure of a new trend. That failure will subsequently lead to a new correction that corrects the Elliott X-wave.
Furthermore, at the end of the new correction, other buyers will attempt to catch the new
expected trend, but that also fails, engendering a second Elliott X-wave. In fact that process can
waves that are linked to one and another by the Elliott X-WAVE. In practical Elliott wave trading,
it is quite challenging to decipher a complex Elliott wave count or analysis if one is not fluent
in mastering the Elliott X-wave.