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Elliott Wave 3 Rules

I've started trading in earnest with MTPredictor finally on demo accounts after two weeks of monitoring and observing the automatic setups on currencies from daily down to 15min timeframes. So far so good, short trades on EURCAD on 3 timeframes on 04/09/14 produced +65R which was fun!

Ed, Private Trader

Elliott Wave 3 Rules

Elliott Wave (3) cannot be the shortest wave

Wave 3 cannot be the shortest wave in a completed 5-wave structure.

Here Wave 3 is the shortest wave in this completed 5-wave sequence, which would be in breach of this second rule, so this wave count is incorrect and must be re-considered.
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