Elliott Wave By Example - Part 1

There are just three straight forward rules that you need to remember. In a five-wave progressions,

·         Rule 1: Wave 2 can never retrace more than 100% of wave 1.

·         Rule 2: Wave 4 may never end in the price territory of wave 1.

·         Rule 3: Out of the three impulse waves -- 1, 3 and 5 -- wave 3 can never be the shortest.

Wave 2 can never retrace more than 100% of wave 1.

Wave 4 may never end in the price territory of wave 1.

Out of the three impulse waves -- 1, 3 and 5 -- wave 3 can never be the shortest.

Welcome to Elliott Waves Journal

Hi All,
I am starting a new blog Elliott Waves Journal 02-Jan-2019.

This blog will mainly focus on Wave counts in different time frames, using the Rules & Guidelines which is given in the book "Elliott Wave Principle" by Robert Prechter.

Will also post my analyses for study purpose.

Thanks.