Elliott Wave Cheat Sheets
This is a list of other helpful sources on Elliott Wave Theory
- As a general rule, in Zigzags Wave C will be
shallow and Wave A will be sharp.
In flats, WA will be shallow and WC
will be sharp.
- The distance WC travels means something. The shorter it is the greater the
likelihood the reversal will be sharp and significant. The longer it is, the
more likely the reversal will be slower.
- The most common retracements, in order are
- 100% of WA (EQUALITY)
- 1.618 of WA
- .618 of WA
- When Wave C fails to reach equality with WA, such as with only a .618 retracement, you
can generally interpret that as being contrary pressure in the market and expect a strong move
in the other direction in the not too distant future. The converse is NOT true, if extended
beyond 100%, there it can be interpreted as being a more volatile market. It too results
in a strong move in the opposite direction.
- The short (.618) retracement is more reliable for a strong counter-move for the next
If WC >162% of WA, then likely the wave count is wrong. More likely an impulsive W3. Check WA structure for 5 waves.
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