Limitless Venture Group Inc. (LVGI)

[GreenDiamonds]

Three Rules


Believe it or not, there are only three rules when it comes to interpreting Elliott Wave. There are many guidelines, but only three HARD rules. These are unbreakable. Guidelines, on the other hand, are bendable and subject to interpretation. Furthermore, these rules only apply to a 5-wave impulse sequence. Correction, which are much more complicated, are given more leeway when it comes to interpretation.

Rule 1: Wave 2 cannot retrace more than 100% of Wave 1.

Rule 2: Wave 3 can never be the shortest of the three impulse waves.

Rule 3: Wave 4 can never overlap Wave 1.

here's link to that info that I based my answer from,

http://stockcharts.com/school/doku.php?st=elliot+wave+theory&id=chart_school:market_analysis:elliott_wave_theory