Rule
Wave Equality
A guideline stating that two of the three impulse waves (1, 3, 5) tend to be equal in price magnitude. When Wave 3 extends, waves 1 and 5 tend toward equality. Useful for projecting the length of Wave 5.
A guideline stating that two of the three impulse waves (1, 3, 5) tend to be equal in price magnitude. When Wave 3 extends, waves 1 and 5 tend toward equality. Useful for projecting the length of Wave 5.