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...
Perfect situation in Wave5 The Butterfly Pattern Summary: 1. Minimum AB=CD completion with Alternate 1.27 AB=CD pattern most common.Maximum 1.62 AB=CD 2. C point retracement can vary between a 0.382 to an 0.886, although 0.618 is preferred. 3. BC projection can vary from 1.13 to 3.618 and depends upon the C point retracement. 4. Alternate AB=CD patterns are...
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