Mastering Elliott Wave's Core Rules

Elliott Wave might sound complex but once you understand the three core rules everything clicks

into place. Rule one: wave two can never retrace more than one hundred percent of wave

one. Rule two: wave three cannot be the shortest impulse wave. Rule three: wave

four cannot overlap wave one price territory in a standard impulse. These three rules are your gatekeepers.

Every time you label a chart ask yourself do I violate any of these rules. If yes your count

is invalid period. Most traders fail at Elliott Wave because they ignore invalidation points

or keep adjusting counts to fit their bias. The difference between guessing and trading

with edge is knowing exactly where your wave count breaks and having the discipline to switch to your