Elliott Wave Basics · Lesson 6 of 6

Rules & Invalidation.

The module closes here. The five lessons before this one built the structure; this one binds it. A consolidated list of every hard rule, the guidelines that round them out, and the invalidation logic that turns wave counting into a disciplined hypothesis-testing framework rather than pattern recognition.

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Figure VI
The rules that bind the count
Wave Personality
Wave 1
The First Move
Skeptical

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Rule violated: Wave 4 cannot enter Wave 1's territory
Price Time W1 start = 100% W2 invalidation below W1 length W3 length W5 length W3 must not be shortest of W1, W3, W5 W1 high = ceiling for W4 W4 cannot enter W1 territory A low = floor for B B invalid below W1: impulse or leading diagonal W3: must be a pure impulse W5: impulse or ending diagonal 1 2 3 4 5 A B C
Step 1 of 8

The Pattern Begins

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