Wave B Characteristics

Wave B Characteristics

Mar 18, 2020

Structure

  • Wave B is always a 3 wave structure. 

Wave 1 Structure

Retracment

  • In order, the most common retracements are:

  • .382 of WA

  • .618 of WA

  • .50 of WA

  • in a Zigzag, If Wave B reaches beyond .768, you have likely already finished the ABC correction and are now in your next impulse wave. 

CONTENT OF ELLIOTT WAVE CHEAT SHEETS

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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