Master Elliott
Wave Theory
From basic impulse waves to complex corrections. Structured learning for serious wave analysts.
The Elliott Wave Academy is a free, structured course in reading market structure. It begins with the theory itself: where it came from, how waves form and the three rules every count must obey. From there, the modules cover motive waves, including impulses and diagonals, then the simple corrections: zigzags, flats and triangles. Later guides explain complex combinations such as WXY, and the practice methods that build counting accuracy. Each guide pairs clear rules with Fibonacci relationships and worked chart examples. Follow the modules in order, or go straight to a single pattern. For background reading, see the Elliott wave principle on Wikipedia.
What Is Elliott Wave Theory?
New to Elliott Wave? Start here. The theory's history, core premise and basic wave structure, explained from zero.
Read Guide →Elliott Wave Reference Guide
Complete rules, guidelines, degree labels and Fibonacci relationships. The essential reference document for every Elliott Wave analyst.
Read Guide →Corrections Overview
The complete map of all corrective structures: Zigzag, Flat, Triangle and complex combinations. Read this before Module 3.
Read Guide →Impulse Wave
The 5-wave structure that drives trends. Three unbreakable rules, Fibonacci extensions and confirmation timing.
Read Guide →Leading Diagonal
Appears in Wave 1 or Wave A. Overlapping waves that look corrective but launch powerful trend moves, and are easy to miss.
Read Guide →Ending Diagonal
The exhaustion pattern at Wave 5 or Wave C. Overlapping waves signal trend termination and high-probability reversals.
Read Guide →Zigzag
The sharpest correction. A 5-3-5 structure where Wave C equals or extends Wave A. Common in Wave 2 and Wave 4.
Read Guide →Flat Correction
Sideways consolidation. Wave B retraces 90%+ of Wave A. Three variants: regular, expanded and running.
Read Guide →Triangle
Five-wave converging structure. Always precedes the final move, the thrust. Appears in Wave 4, Wave B or Wave X.
Read Guide →Counting Accuracy
A practice framework for sharper wave counts. Review past counts, track your own error patterns, and manually backtest your counting skill on historical charts.
Read Guide →From Wave Count to Analysis Plan
Turn a wave count into a complete analysis plan: pattern-specific confirmation, invalidation levels, Fibonacci targets and an alternate count.
Read Guide →Ready to apply Elliott Wave in live markets?
Browse our daily wave count analysis across XAUUSD, BTCUSD, EURUSD and more.