WNTR - the 3-to-5 bar decline rule, after an EW 5-Wave decline The 3-to-5 Bar decline Rule, works well, when used in conjunction with Elliott Wave Theory. Use the 3-to-5 bar Rule, when Buying at the bottom of the 5th Elliott Wave. http://investorshub.advfn.com/boards/read_msg.aspx?message_id=94701631 The 3-to-5 bar decline rule, is what I read once in an Oliver Velez book. After a stock declines 3-to-5 bars, he teaches his traders to buy 1/8th above the previous high of the last bar. But, this is after the stock has risen above the 20 and 40 MA. The census is that neither the Bears or the Bulls, ever win 3-to-5 battles in a row. Courtesy of GOSSSAMER images.investorshub.advfn.com/images/uploads/2013/12/5/iyspeWNTR_Chart__Buy_after_3_Bar_decline_rule.png http://images.investorshub.advfn.com/images/uploads/2013/12/5/wbndmWNTR_Buy_after_a_5-Wave_decline_sequence.png http://stockcharts.com/school/data/media/chart_school/market_analysis/elliott_wave_theory/ew_basics/ewb-04-down8.png http://stockcharts.com/school/data/media/chart_school/market_analysis/elliott_wave_theory/ew_basics/ewb-06-thewdown.png http://i44.tinypic.com/w0ooe1.gif