Channeling
Channeling in Elliott Wave Theory: A technique where parallel trendlines are drawn connecting the ends of waves to project potential reversal zones. A channel drawn from the end of Wave 2 through Wave 4 often projects the terminus of Wave 5.
What Channeling Means
A technique where parallel trendlines are drawn connecting the ends of waves to project potential reversal zones. A channel drawn from the end of Wave 2 through Wave 4 often projects the terminus of Wave 5.
Draw a line from the end of Wave 1 to Wave 3, then a parallel line from Wave 2. Wave 5 often terminates near this upper channel line.
Where You'll See It
Channeling 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.
- → 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