How do you count Elliott Waves?
The 6-step process: (1) identify trend direction on the higher timeframe, (2) mark the 5-wave impulse, (3) mark the 3-wave correction, (4) apply the 3 absolute rules, (5) confirm with Fibonacci proportions, (6) establish wave degree. Repeat at each timeframe.
Full Explanation
Counting Elliott Waves is a structured 6-step process. Step 1: open the weekly or daily chart and identify the overall trend direction. Step 2: label the 5-wave impulse in the trend direction (Waves 1, 2, 3, 4, 5). Step 3: label the 3-wave correction that follows (Waves A, B, C). Step 4: verify the count satisfies the three absolute rules — Wave 2 doesn't retrace 100%+ of Wave 1, Wave 3 isn't the shortest of Waves 1/3/5, Wave 4 doesn't enter Wave 1 territory. Step 5: cross-check Fibonacci proportions — Wave 2 near 61.8% retracement, Wave 3 near 1.618 extension. Step 6: assign wave degrees so the labels match the timeframe. The full step-by-step guide is documented in the Artavest 'How to Count Elliott Waves' pillar, and the same workflow is applied to 108 US instruments every Monday.
- → Elliott Wave Theory Guide — the 5-3 pattern, rules, Fibonacci, wave degrees
- → How to Count Elliott Waves — 6-step process used on 108 instruments
- → Elliott Wave Fibonacci Guide — the 7 core ratios and how they're applied
- → Rules and Guidelines — the 3 absolute rules + 7 guidelines
RELATED QUESTIONS
Weekly wave counts on 108 US instruments
Every Monday Artavest publishes fresh wave counts with primary count, alternate count, and explicit invalidation levels.
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