#TradingUniversity Elliot wave Motive 5 waves. 3rd wave is largest and can never be shortest. wave 4 cannot overlap area of wave 1 ie it can't enter into price area of wave 1 but in rare cases it overlaps. Three wave up, Two wave down ie To every action there is reaction
#TradingUniversity Wolfe wave. Bullish and Bearish both Set up are shown.For target Draw trendline joining start wave 1 with 4 high. Draw a line from from wave 5 starting point. Intersection of both lines will be Target.