Post by zzamand56 on Mar 12, 2024 8:50:28 GMT
The condition is also met in whichthan 38.2% of the wavelength that preceded it. Consequently, it can be said that the first point of the neutrality rule is observed here. The second point of the neutrality rule states that the formation composed of two unidirectional monowaves and one conditionally horizontal one co-directed with them can be considered a monowave. If for ease of analysis this construction is best perceived as three separate monowaves, this interpretation is also acceptable. LiteFinance: Let's examine the latest, boldest interpretation of Elliott Wave Theory: Glenn Neely's NeoWave. | Litefinance Returning to the previous example, we can analyze the structure marked with pink lines, either as a single monowave, which is evident by the bold red dots on the chart, or as a set of three smaller monowaves.
However, the second point of the neutrality rule should not apply when horizontal activity is directed in the opposite direction to the preceding and following monowaves. Rule of mutual position of waves Like Prechter and Williams, Neely proposes to designate monowaves with numbers, starting with 1 according to their chronology, and also divides them into impulsive and corrective waves. In my Belize Mobile Number List previous articles you can read more detailed information. If the wave has no distinctive characteristics, its structure is defined based on the structures of preceding and following market activities. In the course of the analysis, the studied wave is assigned the value m1, the previous one is m0 and the next one is m2. The mutual position rule states that the preceding and following waves have a similar structure to the current wave.
Let's look at the examples. LiteFinance: Let's examine the latest, boldest interpretation of Elliott Wave Theory: Glenn Neely's NeoWave. | Litefinance The examined wave m1 is marked with a green line on the chart, and the previous and subsequent waves are marked with blue. The horizontal pink lines mark the maximum and minimum of the monowave m1. After the price breaks through the maximum level m1 (green circle on the chart), m2 ended at the lowest point, thus being confirmed. The opposite situation is also correct when the completion point m2 is confirmed at its peak when the price breaks through the low level of m1. LiteFinance: Let's examine the latest, boldest interpretation of Elliott Wave Theory: Glenn Neely's NeoWave.