Elliott wave consist of two wave.
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| Up |
|
| down |
- Impulsive wave which goes along the main trend
- Corrective wave which goes against the impulsive wave.
See the Picture below
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| Picture show EW, In up trend |
EW principles:
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| major degree wave |
 |
| Intermediate degree wave |
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| Minor degree wave |
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| Nested wave |
 |
| Nested wave |
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