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Impulsive Wave

The document provides a checklist for identifying impulse waves in a bull market. It lists the typical sub-wave structure and characteristics of waves 1 through 5. It also provides guidance on monitoring each wave and what to look for to confirm or invalidate the wave count.

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Don Almario Regachuelo
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34 views

Impulsive Wave

The document provides a checklist for identifying impulse waves in a bull market. It lists the typical sub-wave structure and characteristics of waves 1 through 5. It also provides guidance on monitoring each wave and what to look for to confirm or invalidate the wave count.

Uploaded by

Don Almario Regachuelo
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
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Impulse Wave Checklist (Bull Market Example)

C or E Wave 1 Wave 2 Wave 3 Wave 4 Wave 5

Corrective Wave: Corrective Wave: Usually 5 Sub-Waves unless a


5 Sub-Waves Refer to Corrective Table 5 Sub-Wave Refer to Corrective Table diagonal triangle.

End of Correction 5 Waves Up 3 Waves Down 5 Waves Up 3 Wave Down 5 Waves Up


Assumed OK. OK. OK
Completed Zigzag OR Completed Zigzag or
Wave A of 2? W3 Must Be 5 Waves Wave A. If Wave A,
Probably the start of a
Monitor Each 3 Waves Up complex, sideways
Wave as it unfolds correction.
to confirm or Correction is probably 5 Waves Down 3 Waves Up
invalidate the wave not over. Prepare for 3 Waves Up
count. the resumption of the Wave A of Zigzag OR Something’s wrong with 5 Waves Down
previous trend. Resumption of Prior the count. Possibly the start of a
Trend? Review wave count. Probably Wave A of diagonal 5th wave, but more
REFER BACK TO Wave 3 must be 5 waves Zigzag Correction. likely an incomplete wave 5.
CORRECTION
TABLE. REFER BACK TO
When W2 Complete, CORRECTION TABLE.

Draw Parallel Channel Check Rule of If W3 was extended past the


(0-W2 from W1) Price range of W3 is Alternation Guideline 1.618 of W1 then W5 will
For Potential W3 usually greater than W1. probably be a similar price
objective For potential structure of range to W1.
If less, Beware that it W4.
may be a wave C.

W2 Should Not
Exceed The Beginning When W4 is Complete, If W3 is Less than the 1.618
of W1. If W3 is shorter than of W1 then anticipate a
1.618 of W1, Draw parallel Channel potential W5 extension.
If it does, the prior W5 Will often be the (W2-W4 From W3)
trend should continue. extended wave. For Potential W5
Objectives.
REFER BACK TO If W3 is shorter than W1,
CORRECTION W5 should be shorter than
TABLE. When W3 Complete, W4 Can not enter the W3.
Draw Parallel Channel price zone of wave 1.
(W1-W3 from W2) W3 can not be the shortest.
For Potential W4 If it does, consider that a
Objectives. W3 extension is
underway and this is W2 If W4 retracement to W3 is
of 3. Greater than 50%, anticipate
If not, the 5 wave, a potential W5 Failure.
impulse count is probably
wrong.

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