A double three is a complex corrective pattern in Elliott Wave theory, consisting of two corrective patterns separated by another corrective pattern in the opposite direction. In the example discussed, it includes a regular flat, followed by an expanding flat, and a zigzag. The labeling of this pattern is denoted as W, X, and Y, instead of the usual A, B, and C.
A double three can incorporate combinations of zigzags, flats, and in rare instances, the Y wave may be a triangle. This pattern extends sideways movement when it appears that a single zigzag or flat is too small to constitute the entire correction. Additionally, like all Elliott Wave patterns, a double three should demonstrate Fibonacci relationships among its subwaves.
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