Wave count
Technical analysisThe labelling of a price series into Elliott's five-wave impulses and three-wave corrections.
In plain terms
Write it down before the move or it taught you nothing. A count produced after the fact will always fit.
Every term is defined twice: once the way a filing would put it, and once the way somebody would explain it to you across a table. The second one is usually the one that sticks.
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The labelling of a price series into Elliott's five-wave impulses and three-wave corrections.
Write it down before the move or it taught you nothing. A count produced after the fact will always fit.