Elliott Rules

Does it have sufficient historical data?

Does it pass the “Clean Elliott Wave Look and Feel Test”? 1) Wave 2 does not fall below the starting price of wave 1.
Does the Long Term count start at an appropriate place with an 2) Wave 3 is not the shortest wave by price movement
acceptable rating? when compared to wave 1 and wave 5.
Do the first two charts (long term and medium term) synchronize? 3) Wave 4 does not overlap the range of wave 1.

Can interchange with:- LD & ED 5 Can interchange with:- IM & ED 5 Can interchange with:- IM & LD
w2 O/L w4 3 Appear:- w1 of IM (only rising) 3 Appear:- w5 of IM 3 5

ED r
E D or

o
w2 < w1 1

IM
IM

Or , DZ
w3 > w2 An 1

TZ
An

ZZ
y

Or DZ
w3 > w1 or w5

An
y
C

TZ
C
IM

yC
w5 ≥ 0.7*w4

,
IM

ZZ
4 4

An o t ▲

An t ▲
1

No
O r DZ
y
LD or
4

yC
C

TZ
IM

,
w2 O/L w4

ZZ
w2 O/L w4
An ot ▲
L D or

IM LD ED ZZ DZ TZ FL D3 T3 CT ET
N

w2 < w1
y
IM

w1 - 93 7 0 0 0 0 0 0 0 0 0 2 w2 < w1
C

2 w2 w3 > w2 2 w3 > w2
- 0 0 0 42 8 1 40 10 0 0 0
w3 - 100 0 0 0 0 0 0 0 0 0 0
w3 > w1 or w5 w3 > w1 or w5
w4 - 0 0 0 32 3 1 48 8 0 5 5 w5 ≥ 0.5*w4 w5 ≥ 0.5*w4
IM w5 - 93 0 7 0 0 0 0 0 0 0 0 LD Imp - Cor – Imp – Cor - Imp Cor - Cor – Cor – Cor - Cor
Imp – Cor – Imp – Cor - Imp ED
Impulse Leading Diagonal Ending Diagonal

Sharps Sideways
ZZ Can interchange with:- IM LD ED ZZ DZ TZ FL D3 T3 CT ET
wA - 93/100 7/0 0 0 0 0 0 0 0 0 0
FL Can interchange with:- B 0.5*wA ≤ wB < 2*wA
DZ & TZ D3, T3, CT & ET
wB - 0 0 0 30 6 2 40 12 0/9 8 3 wC O/L wA
wC - 82/100 0 18/0 0 0 0 0 0 0 0 0
IM D

An
or

B y
L

C yC or IM
An t ▲ ED
y C or
IM No
An ED
wB < wA
wC > 0.7*wB
A A
IM LD ED ZZ DZ TZ FL D3 T3 CT ET
Imp – Cor – Imp wA - 0 0 0 45 14 5 24 11 0 0 0 Cor – Cor – Imp
Zigzag C wB - 0 0 0 53 16 6 10 15 0 0 0
wC-74/100 0 26/0 0 0 0 0 0 0 0 0 Flat C
IM LD ED ZZ DZ TZ FL D3 T3 CT ET Can interchange with:-
DZ Can interchange with:-
wW - 0 0 0 100 0 0 0 0 0 0 0
D3 FL, T3, CT & ET X 0.5*wA ≤ wB < 2*wA
ZZ & TZ wC O/L wA
wX - 0 0 0 24 5 1 55 10 0 5 0 No A
wY - 0 0 0 100 0 0 0 0 0 0 0 t ▲ ny
X ,D C N o An wX ≥ 0.5*wW
x, y C Tx tD yC
Tx An , D x , x,
wY > wX
ZZ

▲ Tx
N ot
yC ZZ
An t ET W
No
wX < wW W IM LD ED ZZ DZ TZ FL D3 T3 CT ET
wY ≥ wX Cor – Cor – Cor wW - 0 0 0 18 0 0 82 0 0 0 0 Cor – Cor – Cor Y
wX - 0 0 0 52 0 0 48 0 0 0 0
Double Zigzag Y wY - 0 0 0 55 0 0 22 0 0 13 10 Double 3
Can interchange with:-
TZ Can interchange with:- T3 XX
X ZZ & DZ X FL, D3, ET & CT
No
An , Dx
ZZ

t▲

No
yC ,T

An Dx,

yC T ZZ XX
t
y C Tx
Tx

An t E x
▲ yC

No

y C x, T
An Dx,
x,

No
ot A n
,D

An , D
t
y C Tx

W
x

wX < wW
wY ≥ wX yC t▲
An t ET W No
N
ZZ

wXX < wY No Y
wZ ≥ wXX
Y
wXX ≥ 0.5*wY
Cor – Cor – Cor – Cor - Cor wZ > wXX Cor – Cor – Cor - Cor - Cor Z
Triple Zigzag Z Triple 3
Triangles
B Can interchange with:- D Can interchange with:-
CT D FL, D3, T3 & ET ET FL, D3, T3 & CT
Appear:- @ any C B
ZZ
ZZ r FL

ZZ Or C
An t ▲

wE of CT wB < wC ≤ 2.5*wB
,D
No

,D T
,D

yC

Tx
o

wC < wD ≤ 2.5*wC
ZZ
x, T

0.2*wD ≤ wE < wD
T

x,

x
x, T

x,
,T

ZZ
x,

,D

wD < wE ≤ 2.5*wD
Tx
No n y C

,D

wE O/L wA
x
,D

Dx
x

t▲

x,
,

,D
ZZ

wA or wB = Max wA or wB = Min
,

ZZ

T
,

x, T
x
ZZ

E A
x

C ZZ DZ TZ FL D3 T3 CT ET C
wA - 63/51 22 9 9/16 0 0 0 0
A wB - 62/69 25 10 0 0 0 0 0
Cor – Cor – Cor - Cor - Cor wC - 70/66 15 6 9/5 4/6 0/1 0 0 Cor – Cor – Cor - Cor - Cor
Contracting Triangle wD - 82/71 11 2 3/14 2/4 0 0 0
Expanding Triangle E
wE - 83/86 12 2 0 0 0 1 0