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Question Of The Week - Library Of Past Questions |
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| 8/8/2007 |
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| Question: |
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Can an X wave take place after a Flat even if the Flat does not channel "perfectly"?
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| Answer:
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This question refers to the NEoWave concept of "touch points." In Flats and Zigzags, there are only four (4) possible touch points along the two channels - the beginning of the pattern (point zero), wave-a, wave-b and wave-c. When any Flat or Zigzag has all of its touch points touching one of the two channels, under NEoWave it qualifies as "perfect channeling." When a Flat or Zigzag channels perfectly, it tells us an x-wave will follow and the pattern will become part of a larger, more complex correction (like those shown in Chapter 8 of Mastering Elliott Wave).
What the question above is asking is can an X-wave follow a Flat or Zigzag even if it does not channel perfectly...the answer is YES. But, keep in mind, an x-wave is mandatory when channeling is perfect, only possible when channeling is not perfect.
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