Elliott Wave - Part 3

Elliott Wave - Part 3

Share
Email
Print

How to Plot Waves and Wave-1 Extensions

Part 3 Highlights

  • 1st Wave extension occurs when the first wave is the longest wave in an impulse move
  • Wave-5 must be the shortest of the three thrust waves
  • Wave-1 must be 161.8% of wave-5
  • The resulting pattern of a wave-1 extension will resemble an ascending wedge shape

<< Elliott Wave - Part 2   -   Elliott Wave - Part 4 >>

Tim Ord
Ord Oracle

Tim Ord is a technical analyst and expert in the theories of chart analysis using price, volume, and a host of proprietary indicators as a guide...

View Author
Tradingsim.com
Day Trading Simulator

Tradingsim.com provides the ability to simulate day trading 24 hours a day from anywhere in the world. TradingSim provides tick by tick data for...

View Author

Send this article to a friend.

Enter multiple addresses on separate lines or separate them with commas.