JSWSTEL, Real-Time illustration of complete ElliottWave-Cycle!

For the ElliottWave-Cycle, kind of behavior appears in two different forms on a market chart:

  • The impulsive move
  • The corrective move.

Motive Cycle:
The impulsive waves can occur both in an uptrend and a downtrend. Impulse Elliot wave theory summary;

It takes the form of 5+3 wave = 8 Wave patterns.
It has the three waves 1, 3, 5 moving in the direction of the trend, the motive waves, and two waves 2 and 4 which move against the trend.
Waves 1, 3, 5 can further be divided into five smaller waves each while 2 and 4 into 3’s.

Corrective Wave Cycle:

The corrective wave comprises 3 waves moving in the opposite direction of the initial trend. Corrective patterns Elliot wave theory summary;
This wave pattern can never move beyond the origin of the previous impulse wave.
The letters a, b, c are used to label these waves respectively.

The 3 main Elliot wave rules trading Elliot wave .
  • Wave 2 never retraces 100% of wave 1
  • Elliot Wave 3 is never the shortest wave in a completed 5 wave sequence.
  • Wave 4 cannot retrace into wave 1


If im not wrong the 3rd wave is in progress...
+3 Reply
Excellent Mam,last leg is an impulse or again correction? Please guide...
Awesome idea ma'am
Kinnari_Prajapati The_crackerjack
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Referred friends Coins My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out