Elliott Wave Patterns
Complete reference guide for motive and corrective structures
The 3 Unbreakable Rules of Elliott Wave
- 1. Wave 2 NEVER retraces more than 100% of Wave 1
- 2. Wave 3 is NEVER the shortest of waves 1, 3, and 5
- 3. Wave 4 NEVER enters the price territory of Wave 1 (in cash markets)
φ Fibonacci Ratios in Elliott Wave
| Ratio | Common Use |
|---|---|
| 23.6% | Shallow retracement, used in strong Wave 3 extensions |
| 38.2% | Common Wave 2 and Wave 4 retracement; Wave B in Flats |
| 50% | Common Wave 2 retracement; Wave B in Zigzags |
| 61.8% | Golden ratio — most important; Wave 2 deep retrace; Wave B max in Zigzag |
| 78.6% | Wave 2 in extended patterns; Wave B in Running Flats |
| 100% | Wave 4 target when equal to Wave 2 |
| 127.2% | Wave C in expanded Flats; Wave B in expanded corrections |
| 138.2% | Wave C target in expanded flats; common NEPSE target |
| 161.8% | Wave 3 extension; most common target for strong moves |
| 261.8% | Extended Wave 3; Wave C in complex corrections |
Wave Degrees (smallest → largest)
Sub-Minuette
< 1 min charts
Minuette
1–5 min
Minute
15 min – 1H
Minor
4H – Daily
Intermediate
Daily – Weekly
Primary
Weekly – Monthly
Cycle
Monthly – Years
Supercycle
Decades
Grand Supercycle
Centuries