There are three cardinal rules in Elliott Wave Theory when labeling waves:
Rule Number 1: Wave 3 can NEVER be the shortest impulse wave
Rule Number 2: Wave 2 can NEVER go beyond the start of Wave 1
Rule Number 3: Wave 4 can NEVER cross in the same price area as Wave 1
If you look hard enough at a chart, you’ll see that the market really does move in waves.
The forex market never moves in a textbook-perfect fashion.
So it will take many, many hours of practice analyzing waves before you start to get comfortable with Elliott waves.
Stay diligent and never give up!
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