Elliot Wave Cheat Sheet

Elliott Rules Does it have sufficient historical data? Does it pass the “Clean Elliott Wave Look and Feel Test”? Does th

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Elliott Rules Does it have sufficient historical data? Does it pass the “Clean Elliott Wave Look and Feel Test”? Does the Long Term count start at an appropriate place with an acceptable rating? Do the first two charts (long term and medium term) synchronize?

LD

Cor - Cor – Cor – Cor - Cor

ED

Leading Diagonal

ZZ Or , DZ TZ

ZZ , Or DZ TZ

4 w2 O/L w4 w2 < w1 w3 > w2 w3 > w1 or w5 w5 ≥ 0.5*w4

2

Imp - Cor – Imp – Cor - Imp

Ending Diagonal

Sideways IM LD ED ZZ DZ TZ FL D3 T3 CT ET Can interchange with:wA - 93/100 7/0 0 0 0 0 0 0 0 0 0 DZ & TZ

FL

C

IM or ED

C

Zigzag

C IM LD ED ZZ DZ TZ FL D3 T3 CT ET wW - 0 0 0 100 0 0 0 0 0 0 0 wX - 0 0 0 24 5 1 55 10 0 5 0 wY - 0 0 0 100 0 0 0 0 0 0 0

IM LD ED ZZ DZ TZ FL D3 T3 CT ET 0 0 45 14 5 24 11 0 0 0 wA - 0 0 0 53 16 6 10 15 0 0 0 wB - 0 wC-74/100 0 26/0 0 0 0 0 0 0 0 0

No A t ▲ ny ,D C x, Tx

X ZZ

yC An t ET No

N

ZZ

Double Zigzag

Y

Y

N o An tD yC x, Tx

wX ≥ 0.5*wW wY > wX

W

Triple Zigzag

Can interchange with:FL, D3, ET & CT

XX

X

wXX ≥ 0.5*wY wZ > wXX

Cor – Cor – Cor – Cor - Cor

Double 3

Y

x y C x, T An , D t▲ No

y C Tx An Dx, t No

yC An t ET No

T3

ZZ

wXX < wY wZ ≥ wXX

0.5*wA ≤ wB < 2*wA wC O/L wA

Cor – Cor – Cor Y

y C Tx An Dx, t No

W

XX

ZZ

C

X

y C Tx An , D x , ▲ ot

IM LD ED ZZ DZ TZ FL D3 T3 CT ET wW - 0 0 0 18 0 0 82 0 0 0 0 wX - 0 0 0 52 0 0 48 0 0 0 0 wY - 0 0 0 55 0 0 22 0 0 13 10

x yC ,T An , Dx t▲ No

Can interchange with:ZZ & DZ

ZZ yC T An t E No

Flat

W

Cor – Cor – Cor

X

Cor – Cor – Imp

Can interchange with:FL, T3, CT & ET

D3

ot A n ▲ yC ,D x, Tx

Can interchange with:ZZ & TZ

TZ

or IM ED

A

A

Imp – Cor – Imp

W

yC An t ▲ No

N

wB < wA wC > 0.7*wB

0.5*wA ≤ wB < 2*wA wC O/L wA

y An

IM D L or

B y An

B

Can interchange with:D3, T3, CT & ET

0 0 30 6 2 40 12 0/9 8 3 wB - 0 wC - 82/100 0 18/0 0 0 0 0 0 0 0 0

wX < wW wY ≥ wX

ZZ , O r DZ TZ

IM

IM

2

w1 2 w2 -

Sharps

wX < wW wY ≥ wX

IM o ED r

IM E D or

IM LD or

w2 O/L w4 w2 < w1 w3 > w2 w3 > w1 or w5 w5 ≥ 0.5*w4

5 yC

IM LD ED ZZ DZ TZ FL D3 T3 CT ET 93 7 0 0 0 0 0 0 0 0 0 0 0 0 42 8 1 40 10 0 0 0 w3 - 100 0 0 0 0 0 0 0 0 0 0 0 0 0 32 3 1 48 8 0 5 5 w4 w5 - 93 0 7 0 0 0 0 0 0 0 0

4

yC An t ▲ No

4

3 An

C

Impulse

DZ

1

C

C y An ot ▲ N

IM L D or

1

Imp – Cor – Imp – Cor - Imp

ZZ

Can interchange with:- IM & LD Appear:- w5 of IM

5

3 y An

An y

1

IM

Can interchange with:- IM & ED Appear:- w1 of IM (only rising)

5

3

C y An o t ▲ N

Can interchange with:- LD & ED w2 O/L w4 w2 < w1 w3 > w2 w3 > w1 or w5 w5 ≥ 0.7*w4

1) Wave 2 does not fall below the starting price of wave 1. 2) Wave 3 is not the shortest wave by price movement when compared to wave 1 and wave 5. 3) Wave 4 does not overlap the range of wave 1.

Cor – Cor – Cor - Cor - Cor

Z

Triple 3

Z

Triangles Tx x,

x Dx ,T

x x, T

ZZ ,D

x, T

C

x

A No n y C t▲

,D

,D

ZZ

ZZ

wB < wC ≤ 2.5*wB wC < wD ≤ 2.5*wC wD < wE ≤ 2.5*wD wA or wB = Min

x

T x,

A

,D ZZ

D3 T3 CT ET 0 0 0 0 0 0 0 0 4/6 0/1 0 0 2/4 0 0 0 0 0 1 0

x

E

ZZ DZ TZ FL wA - 63/51 22 9 9/16 wB - 62/69 25 10 0 wC - 70/66 15 6 9/5 wD - 82/71 11 2 3/14 wE - 83/86 12 2 0

Can interchange with:FL, D3, T3 & CT

B

x, T

Contracting Triangle

0.2*wD ≤ wE < wD wE O/L wA wA or wB = Max

D

ET ,D

,

Cor – Cor – Cor - Cor - Cor

, Tx x, ,D T ZZ Or C

yC An t ▲ No

x x, T ,D ZZ r FL o

A

C

Can interchange with:FL, D3, T3 & ET Appear:- @ any C wE of CT

ZZ

D

ZZ ,

B

CT

Cor – Cor – Cor - Cor - Cor

Expanding Triangle

E