Never miss a story from Jeremy Wagner

Subscribe to receive daily updates on publications
Please enter valid First Name
Please fill out this field.
Please enter valid Last Name
Please fill out this field.
Please enter valid email
Please fill out this field.
Please select a country

I’d like to receive information from DailyFX and IG about trading opportunities and their products and services via email.

Please fill out this field.

Your Forecast Is Headed to Your Inbox

But don't just read our analysis - put it to the rest. Your forecast comes with a free demo account from our provider, IG, so you can try out trading with zero risk.

Your demo is preloaded with £10,000 virtual funds, which you can use to trade over 10,000 live global markets.

We'll email you login details shortly.

Learn More about Your Demo

You are subscribed to Jeremy Wagner

You can manage your subscriptions by following the link in the footer of each email you will receive

An error occurred submitting your form.
Please try again later.

In this webinar recording, we assessed a challenging pattern whose name says it all…complex correction.

In Elliott Wave Theory, if the correction was too shallow in price or too short in time, multiple corrective patterns may string together to yield a combination. As you can imagine, these corrective patterns can be difficult to identify and frustrating to trade.

In this video, we looked at some complex combination patterns, what some of them look like, where they form, and how to trade them.

In Elliott Wave Theory, complex corrections are noted with the symbols, W, X, Y, Z. These symbols fall into a similar location as your corrective A-B-C would.

Complex corrections may appear in the 2nd wave, 4th wave, or B wave of an eight wave Elliott Wave sequence. Many times combination or complex corrections appear in the 4th wave or B wave.

Unless you are trading the pattern at large degree where you can splice and anticipate the ending of one of the corrective patterns making up the combination, then it is typically best to wait for the correction to end before wading into the trade.

See how Elliott Wave Theory is applied in the current environment in the main markets. Join Jeremy in the US Opening Bell webinar on Mondays.

If you cannot make the live webinars, but wish to learn more about Elliott Wave theory, grab our beginning and advanced Elliott Wave guides.

---Written by Jeremy Wagner, Head Trading Instructor, DailyFX EDU

Follow me on Twitter at @JWagnerFXTrader .

See Jeremy’s recent articles at his Bio Page.