Elliott Wave Analysis

Elliott Wave Theory

Basic Principle

Wave Degree

Motive Waves

• Impulse

• Impulse with extension

• Leading Diagonal

• Ending Diagonal

• Motive Sequence

Corrective Waves

• Zigzag

• Flat

• Regular Flats

• Expanded Flats

• Running Flats

• Triangles

• Double Three

• Triple Three

Fibonacci Ratio

Fibonacci Retracement and Extension

Relation Between Fibonacci and Elliott Wave Theory

Elliott Wave Guidelines / Rules