Elliott Wave Glossary Wave Degree
The concept of wave hierarchy in Elliott Wave Theory — classifying waves by their relative size. From smallest to largest: Sub-Minuette, Minuette, Minute, Minor, Intermediate, Primary, Cycle, Supercyc
Elliott Wave Glossary
Elliott Wave Glossary Elliott Wave Glossary Wave Balance Verification
Risk management principle: determine position size based on the distance to the stop-loss level, not on conviction about the wave count.
Elliott Wave Glossary Business Cycles and Elliott Waves
Economic cycles (expansion, peak, contraction, trough) correspond to Elliott Wave degrees, but the correspondence is approximate — wave form is more reliable than timing.
Elliott Wave Glossary R.N. Elliott’s Discovery
Ralph Nelson Elliott discovered wave patterns in stock prices during his recovery from illness in the 1930s. He published 'The Wave Principle' in 1938.
Elliott Wave Glossary Foundation of Elliott Wave Theory
The philosophical foundation: human social behavior follows rhythmic patterns. Markets are a reflection of collective human psychology, not random walks.
Elliott Wave Glossary Elliott Wave Software and Tools
Overview of software tools used for Elliott Wave analysis: charting platforms, wave labeling tools, and Fibonacci drawing tools.
Elliott Wave Glossary Fractal Structure of Waves
Elliott waves exhibit fractal (self-similar) structure: the same 5-3 pattern appears at every degree of trend. Each wave contains smaller waves of the same form.
Elliott Wave Glossary The 5-3 Wave Structure
The fundamental pattern of Elliott Wave Theory: 5 waves in the direction of the main trend (impulse) followed by 3 waves in correction. Each sub-wave also follows this pattern.
Elliott Wave Glossary Impulse Wave Basics
An impulse wave is a 5-wave pattern that moves in the direction of the larger trend. It must satisfy three absolute rules and tends to follow several guidelines.
Elliott Wave Glossary Three Rules of Impulse
The three absolute rules that every impulse wave must satisfy. Any count that violates these rules is invalid: (1) Wave 2 does not retrace beyond wave 1 start; (2) Wave 3 is never the shortest; (3) Wa