EWT Basics
- A basic impulse wave consists of five
internal waves (1-2-3-4-5) and a basic corrective pattern (zig-zag)
consists of three internal waves (A-B-C).
- After an impulse wave comes
a corrective pattern or a combination of them. If a correction consists of
a series of corrective patterns then there must be an odd number of
corrective patterns in a combination. Second and fourth
corrective patterns are labeled 'X-waves'.
- After a correction comes an impulse
wave or a diagonal triangle. A diagonal triangle can NEVER occur as the
3rd wave.
Impulse Waves
- Wave 1 is an impulse wave.
- Wave 2 is a corrective pattern or a combination of corrective
patterns. Wave 2 MUST retrace less than 100% of the 1st wave.
- Wave 3 is an impulse wave. Wave 3 MUST be higher than 1st and/or 5th
wave.
- Wave 4 is a corrective pattern or a combiantion of corrective
patterns. The end point of wave 4 MAY NOT overlap the 1st wave.
- Wave 5 is usually an impulse wave and sometimes a diagonal triangle.
Corrective Waves
- There are three basic types of corrective patterns: a zig-zag, a
flat and a triangle.
- Inside a corrective pattern
- in a zig-zag
- wave A is an impulse wave.
- wave B is a corrective pattern or
a combination of corrective patterns. Wave B MUST retrace less than 100%
of the A-wave.
- wave C is usually an impulse wave and sometimes a
diagonal triangle.
- in a flat
- wave A is a zig-zag, flat
or a combination of corrective patterns.
- wave B is a
corrective pattern or a combination of corrective patterns. Wave B can
retrace up to 162% of the A-wave.
- wave C is usually an impulse wave
and sometimes a diagonal triangle. Wave C ends usually on the same level
as A-wave.
- in a triangle waves A, B, C and D are a flat, zig-zag or a
combination of corrective patterns.
Wave E can be any corrective pattern or a combination of them.
- in a contracting triangle
- wave A is usually higher than wave
B.
- wave B is ALWAYS higher than wave C.
- wave C is ALWAYS higher than
wave D.
- wave D is ALWAYS higher than wave E.
- in an
expanding triangle
- at least waves B, C and D are higher than the
previous wave.
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