How many waves are in a complete Elliott Wave cycle?

 

A complete Elliott Wave cycle consists of **eight waves**. This cycle is divided into two main phases:

 

1. Impulse Phase (5 Waves)

The impulse phase includes five waves that move in the direction of the main trend:
- Wave 1: The initial movement in the direction of the trend.
- Wave 2: A corrective wave that retraces part of Wave 1.
- Wave 3: The strongest and longest wave in the direction of the trend.
- Wave 4: A corrective wave that retraces part of Wave 3.
- Wave 5: The final wave in the direction of the trend.


2. Corrective Phase (3 Waves)

The corrective phase includes three waves that move against the direction of the main trend:
- Wave A: The initial wave against the main trend.
- Wave B: A wave that retraces part of Wave A, often making it look like the main trend might resume.
- Wave C: The final wave that completes the correction and often equals or exceeds the length of Wave A.

 

Summary of a Complete Elliott Wave Cycle

- Impulse Waves (5 waves): 1, 2, 3, 4, 5
- Corrective Waves (3 waves): A, B, C

Thus, the total number of waves in a complete Elliott Wave cycle is **eight**.

This eight-wave structure (5 impulse waves followed by 3 corrective waves) repeats at all scales of market movement, from minute-by-minute charts to multi-decade charts, illustrating the fractal nature of market trends according to Elliott Wave Theory.

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