Wave 3 cannot be the shortest of the three impulse waves (1, 3, and 5). It is typically the strongest and most volatile.
These represent the main trend. Waves 1, 3, and 5 move with the trend, while waves 2 and 4 are minor retracements. Applying Elliott Wave Theory Profitably Pdf
At its most basic level, the theory posits that markets move in a predictable . Wave 3 cannot be the shortest of the
Wave 4 must never enter the price territory of Wave 1. This ensures the integrity of the five-wave structure. and 5 move with the trend