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  5. Does WaveBasis detect complex corrective (XYZ) patterns?

Does WaveBasis detect complex corrective (XYZ) patterns?

While WaveBasis can detect all of the Elliott Wave pattern types, complex correctives (WXY / WXYXXZ) are currently disabled for automatic wave counts. Triangles are enabled, however, although they tend to appear less frequently than other types of patterns, so eventually you will see them in automatic wave counts.

We’re considering enabling complex correctives in a future update, although they will come with a strong warning that illuminates the results of our research regarding the usefulness of these patterns from a probability perspective.

In any case, however, if you prefer to count a section of a chart as a complex corrective, you are free to modify automatic wave counts using the wave drawing tools described here: https://wavebasis.com/docs/reference-guide/wave-drawing-tools/

Also, if you have questions or concerns about a specific chart(s) please feel free to share it using the chart-sharing feature as described here: https://wavebasis.com/docs/reference-guide/working-with-charts/sharing-charts/

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