easy · Elliott Wave Theory ewt-core
A commodity price moves from $80 to $96, pullbacks to $88, then rallies to $118.
If an analyst identifies these as three simple 'swings,' how do they differ from Elliott 'waves'?
- Swings only move in one direction, while waves can move sideways.
- Waves are only valid if they occur on a Daily time frame.
- Swings are measured in points, while waves are only measured in percentages.
- Waves must satisfy specific structural rules and internal sub-wave counts.
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