Eliott Wave

Question 1

“Actionary” sub-waves

Answer 1

Waves 1, 3, and 5

Question 2

“Corrective” sub-waves

Answer 2

Waves 2 and 4

Question 3

Three rules for Motive Wave formation that must be satisfied

Answer 3

• Wave 2 always retraces (gives back) less than 100% of Wave 1
• Wave 4 always retraces less than 100% of Wave 3
• Wave 3 always travels beyond the end of Wave 1 and is never the shortest wave

Question 4

5-3-5-3-5 structure

Answer 4

• The actionary sub-waves have five waves each
• The corrective sub-waves have three waves each

Question 5

The three wave structure

Answer 5

The three wave structure has its sub-waves labeled as waves A, B, and C