Wave 3 Characteristics

Wave 3 Characteristics

Mar 18, 2020


  • Is an impulse wave with a 5 wave (5-3-5-3-5) structure

  • Can never be the shortest wave

  • If W3 is shorter than W1, expect W5 to be shorter than W3.

  • Until it reaches 1.618 of W1, consider it to be a Wave C instead.

  • Frequently extends into a 9 wave structure, with another impulse wave contained within it.



  • Do not get suckered. W2 must be a 3 wave structure, so don't prematurely start the Wave 3 count.

  • Best conservative approach is to wait for W3.3 to clear W3.1, then enter.

  • Aggressive approach is to enter when W3.2 pivot is marked.

  • Once you are in a wave 3, do not attempt to trade it.  Corrections are frequently shallow and mal-formed.  They can look like a single corrective wave.  Time wise they seem to be about right, Just hang on and ride them out unless you are on a higher degree and can improve your position without much risk of being left behind.


  • When extended, can reach 200, 261.8, or 4.25 of W1.


1 Home Rules and Guidelines Applicable to All Motive and Corrective Waves

2 Wave 1 Characteristics and Structure

3 Wave 2 Characteristics and Structure

4 Wave 3 Characteristics and Structure

5 Wave 4 Characteristics and Structure

6 Wave 5 Characteristics and Structure

7 Wave A Characteristics and Structure

8 Wave B Characteristics and Structure

9 Wave C Characteristics and Structure

10 Extensions Structure and Trading

11 Fibonacci Targets Price Targets for Retracement and Extension

12 1-2/1-2 Structures  Wave 1-2 /1-2 Characteristics

13 Zigzags Structure and characteristics

14 Flats This is All FLAT Rules 

15 Triangles Triangles (3-3-3-3-3) Description and samples

16 Complex Corrections Characteristics of Complex Corrections (Combinations)

17 Declaring X Waves When to declare an X wave and a complex correction

18 Ending Diagonals Description and samples.

19 Leading Diagonals  Description and samples. This is quite rare.

20 Wave Identification

21 Channeling How to Use Channels to Identify Waves

22 Correction Times Use the appropriate time frame to analyze the correction.

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