Five-Wave Impulse Trend:
5 Distinct Sections
Bull trend :Higher highs and higher lows
Section Highs and Lows do not overlap
..........................................................................................................................................................
Five Wave Trend Rules:
1. Wave 2 cannot exceed the beginning of Wave 1.
2. Wave 4 cannot make a daily close into the closing range of Wave 1.
3. Wave 3 cannot be the shortest in price of Waves 1, 3, and 5.
5 Distinct Sections
Bull trend :Higher highs and higher lows
Section Highs and Lows do not overlap
..........................................................................................................................................................
Five Wave Trend Rules:
1. Wave 2 cannot exceed the beginning of Wave 1.
2. Wave 4 cannot make a daily close into the closing range of Wave 1.
3. Wave 3 cannot be the shortest in price of Waves 1, 3, and 5.
Note
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.