121 pattern internal structure in Elliott Wave theory

We believe that when we talk about 121 pattern (in context of the Elliott Wave Theory) we talk about flat correction.

Based on this theory we should look for the following internal 121 pattern structures (1 case only, comparing to 4 cases for the Gartley pattern):

To read more about flat corrections, 121 internal structure and more ... check our TradingArsenal knowledge base on the 121 pattern -> trading 121 pattern - Table of Content