Rule
Wave 2 Rule
An absolute rule stating that Wave 2 can never retrace more than 100% of Wave 1. If price moves beyond the starting point of Wave 1, the wave count is invalidated. This is one of the three inviolable rules of Elliott Wave analysis.
An absolute rule stating that Wave 2 can never retrace more than 100% of Wave 1. If price moves beyond the starting point of Wave 1, the wave count is invalidated. This is one of the three inviolable rules of Elliott Wave analysis.