Elliott correction (ABC)
Elliott waves4 points to clickLabels the three-wave correction — A, B and C — that follows an impulse.
What it looks like
The numbered dots are where you click. Once drawn, you can grab those dots and move them.
How to draw it
Click the three vertices in order and they are labelled A, B and C.
When to use it
Corrections come in many shapes — zigzags, flats and triangles all get labelled A-B-C.
In SQMATE
What you draw stays
Lines you draw are saved to that symbol's notebook. Open the symbol again and they are still there.
Editable afterwards
Grab the points to move them, and change colour, width and line style. Undo works too.
Shares as drawn
Send the chart as a single link. Whoever opens it sees the same lines.
Related tools
- Elliott impulse (12345)Labels an Elliott impulse — waves 1 through 5 — as you draw it.
- Elliott triangle (ABCDE)Labels a contracting corrective triangle across five points, A through E.
- Elliott double combo (WXY)Labels a double correction — W, X and Y.
- Elliott triple combo (WXYXZ)Labels a triple correction — W, X, Y, X and Z.
- XABCD patternDraws a harmonic pattern through five vertices — X, A, B, C and D.
- Cypher patternA five-point tool preloaded with the ratios of the Cypher pattern.
Drawing tools are a way to organise your thinking. A line you draw does not decide what price will do.