ELLIOTT WAVES CHEAT SHEET 🏄‍♂️ 10 Rules

Hello, here is a cheat sheet for Elliott Waves for top 10 Rules, so you can print this out and keep on your desk.

The Elliott wave principle is a form of technical analysis that finance traders use to analyze financial market cycles and forecast market trends by identifying extremes in investor psychology, highs and lows in prices, and other collective factors. Ralph Nelson Elliott (1871–1948), a professional accountant, discovered the underlying social principles and developed the analytical tools in the 1930s. He proposed that market prices unfold in specific patterns, which practitioners today call Elliott waves, or simply waves. Elliott published his theory of market behavior in the book The Wave Principle in 1938, summarized it in a series of articles in Financial World magazine in 1939, and covered it most comprehensively in his final major work, Nature's Laws: The Secret of the Universe in 1946. Elliott stated that "because man is subject to rhythmical procedure, calculations having to do with his activities can be projected far into the future with a justification and certainty heretofore unattainable." The empirical validity of the Elliott wave principle remains the subject of debate.

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To download you can open this chart as image 👇👇

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Guys to download the picture
Use
"Right-click > Save Image As"
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📈 Elliott Waves Cheat Sheet 📉 Master the Waves with these 10 Rules!

1️⃣ An Impulse always divides into 5 waves.
2️⃣ Wave 1 subdivides into an Impulse or rarely a Leading Diagonal.
3️⃣ Wave 3 subdivides into an Impulse.
4️⃣ Wave 5 subdivides into an Impulse or Ending Diagonal.
5️⃣ Wave 2 and Wave 4 always subdivide into a Zigzag, Flat, Triangle, or combination.
6️⃣ Wave 3 moves beyond the start of wave 1.
7️⃣ Wave 2 never moves beyond the start of wave 1.
8️⃣ Wave 3 is never the shortest wave.
9️⃣ Wave 4 never moves beyond the end of Wave 1.
🔟 Waves 1, 3, and 5 are never extended at the same time.

Ride the waves like a pro! 🏄‍♂️