Elliott Wave Theory Rules Cheat Sheet

Here are the Elliott Wave Theory rules showing how each wave tends to work out in comparison to past waves, the key correlations with the Fibonacci levels. and approximately the percentage of time that price tends to stay inside each Fibonacci level. This is a quick reference cheat sheet for those wanting to track Elliott Waves on charts.

*In reference to Wave 5 must exceed wave 3: Robert Prechter and other Elliott Wave practitioners say Wave 5 can be truncated. It is less common but allowable.