Concept
Base Channel
QUICK DEFINITION
Base Channel in Elliott Wave Theory: The initial channel drawn from the start of Wave 1 through the end of Wave 2, with a parallel projected from the end of Wave 1. Used to confirm the early impulse and project Wave 3 targets.
What Base Channel Means
The initial channel drawn from the start of Wave 1 through the end of Wave 2, with a parallel projected from the end of Wave 1. Used to confirm the early impulse and project Wave 3 targets.
Where You'll See It
Base Channel appears regularly in Artavest's weekly wave-count analysis across 108 US stocks and ETFs. It's part of the concept family of Elliott Wave concepts and shows up most often when analysts are discussing the foundational principles behind Elliott Wave Theory.
LEARN MORE
- → Elliott Wave Theory Guide — the 5-3 pattern, rules, Fibonacci, wave degrees
- → Elliott Wave Cheat Sheet — the 3 absolute rules and 6 Fibonacci relationships
- → Our Methodology — how Artavest analysts count waves on 108 US instruments