Cycle is formed up of a total of 8 waves (5+3 waves).
Waves 1 to 5 are counted in the Impulsive phase.
Waves A to C are counted in the Corrective Phase.
3 Golden Rules of Elliott
1. Wave 2 cannot overlap wave 1.
2. Wave 4 cannot touch the territory of wave 1.
3. Wave 3 can never be the shortest.