The TradingEdge

[jxyzobrien]

Simple EW rules
1 Market either does 5 waves or abc (3 waves)

2 2 waves will be similar in size so if 2 small 1 is large or
if 2 large 1 will be small.

3 In 5 waves wave 3 is usually the longest and is 1.6 to 2.0
the size of wave 1. IF wave 1 is large then wave 3 will .666 of 1.

4 after an abc the market usually does 5 waves.

5 abc rules - the A wave will normally be fast large and violent to catch traders by surprise. The B sucker wave will usually be .50 to .66 of A. The c wave will be similar to a in size and be choppy and time consuming.
Sometimes a=b=c equal in size.





5 measure previous moves to determine size of next move