Rules Of Elliott Wave Theory:
#1.Wave 2 never retraces more than 100% of wave 1.
#2.Wave 3 cannot be the shortest of the three impulse waves, namely waves 1, 3 and 5.
#3.Wave 4 never enters the price territory of wave 1.
#1.Wave 2 never retraces more than 100% of wave 1.
#2.Wave 3 cannot be the shortest of the three impulse waves, namely waves 1, 3 and 5.
#3.Wave 4 never enters the price territory of wave 1.