Ninjastic
Home
Search
Users
Boards
Addresses
Ctrl + K
Toggle theme
Open menu
Post
Edited versions
Quotes to this post
Post
10934972
Topic
812637
Board
Speculation
Re: Critical Levels - EW analysis
by
xybersurfer
on
30/03/2015, 22:40:23 UTC
Quote from: h3speros on March 30, 2015, 08:29:25 AM
There are only 3 hard rules, all else are guidelines, it is up to one who is counting, what guidelines one wants to follow.
Rule 1: Wave 2 cannot retrace more than 100% of Wave 1.
Rule 2: Wave 3 can never be the shortest of the three impulse waves.
Rule 3: Wave 4 can never overlap Wave 1.
http://stockcharts.com/school/doku.php?id=chart_school:market_analysis:elliott_wave_theory#three_rules
Corrections don't have any hard rules, just guidelines.
Here is a good site for guidelines:
http://www.tradingfives.com/articles/elliott-wave-guide.htm
the page you linked to and this thread describes how to recognize Elliot Waves. but how do you use them to predict moves?
i'm probably missing something