Elliott wave Time relationship

Elliott wave Time relationship

Wave 1:

TIME
Impulse W.1 usually overbalances in time the prior counter trend swing.


Wave 2:

TIME
> 50% W.1 minimum
> 62% < 162% of W.1 most likely

Wave 3:

TIME
W.3 almost always longer in time than W.1

W.3 often equal in time to complete W.0 through W.2 sequence.

Wave 4:

TIME
W.4 most often related to W.3 or W.0 - W.3
Often longer in time than W.3 / W.0 - W.3
W.4 138% - 162% of Parallel Projection of ends of W.1 - W.3 measured from beginning of W.2

Wave 5:

TIME
W.5 > W.4 if W.4 is a simple ABC
W.5 < W.4 if W.4 is complex

Wave A:

NA

Wave B:

TIME
> 50% < 100% of W.A time

Wave C:

TIME
Use Time guidelines for complete A-B-C corrective pattern.