Wave Basics Explained- Answers
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Elliott Wave Basics Quiz
waves does an impulse wave subdivide into?
What is the
maximum retracement level for a wave 2?
A2. 100%, The
origin of wave 1.
considered to be the leading authority on Elliott Wave Theory?
A3. Elliott Wave
Q4. What is the
most important Fibonacci ratio?
A4. 0.618, The
How does a
A5. 3-3-3-3-3, Each
internal wave subdivides into 3 smaller waves labeled a,b,c,d,e
What is the
most important factor in wave recognition?
A6. The internal construction
of each wave. Does it subdivide into 3 waves or 5?
What is the
next number in this Fibonacci sequence 5, 8, 13, 21, ?
A7. 34 , (13+21)
wave is never the shortest?
A8. Wave 3 is never
the shortest . Either wave 1 or wave 5 (or both) must be shorter.
How do we
label a 3 wave zigzag?
Could a wave
2 be a triangle?
No, Triangles always occur in the position immediately prior to the
final move or as the final move in a
How did you do....10/10?
you can see , there is nothing
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applying some straightforward
guidelines with a handful of very clearly
Elliott Wave trading and investing is never
about calling all
the moves, it is about using the theory to help you identify high value
trading opportunities with as low a risk to you capital as possible.
The more you can learn and understand of the mechanics of the Wave
Principle, then more often that these trading opportunities will
present themselves to you.
Basics Explained - Learn More
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