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  1. #1
    Standard Member Array Minion's Avatar
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    Elliott Wave Theory and right rule about Wave 4. A clarification.

    I often read two different versions about this rule:
    1. Wave 4 doesn't have to overlap the range territory of Wave 1
    2. Wave 4 doesn't have to overlap the range territory of Wave 2

    and these two versions doesn't mean the same thing, since if Wave 2 is an expanded flat its "range territory" goes well above the end of Wave 1.
    If Wave 4 overlaps the final part of Wave B of an expanded flat is still the wave count correct?

    So I am asking which one is the correct version of EWT rule about Wave 4 (I think #1)

  • #2
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    Two Impulse types allow the intersection of wave 4 and 1:

    - Diagonal Triangle Type 1
    and
    - Diagonal Triangle Type 2

    https://www.sendspace.com/file/nnf1ha

    Sixer

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  • #3
    Standard Member Array Minion's Avatar
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    OK, thanks for the files, but why do they say that "Wave 4 cannot enter the price territory of Wave 2"?

    Wouldn't it be more correct to say "Wave 4 cannot enter the price territory of Wave 1"?
    If Wave 4 enters in the territory of a Wave B of of an expanded flat (=Wave 2) without entering into the price territory of Wave 1, is still the count correct?

    For what it counts, Prechter (in the Elliott Wave book) talks about Wave 4 ... into the price territory of Wave 1 (and not 2)
    And the Elliott Wave Crash Course that you posted talks about Wave 1, while the Elliott Wave Guidelines also posted talk about Wave 2
    Why two different interpretations for one simple rule?
    Last edited by Minion; 06-19-2017 at 02:55 PM.

  • #4
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    If this happens, your count as an impulse is wrong - you have to consider a corrective pattern and no impulse pattern.

    Sixer

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