elliott-wave
Installation
SKILL.md
Elliott Wave Theory
Purpose
Classic wave theory based on the core assumption that markets move in fractal wave structures:
| Structure | Wave Count | Direction | Meaning |
|---|---|---|---|
| Impulse wave | 5 waves (1-2-3-4-5) | Trend-following | Main trend direction |
| Corrective wave | 3 waves (A-B-C) | Counter-trend | Pullback correction |
Core Rules
Three Iron Rules for Impulse Waves
- Wave 2 cannot retrace beyond the start of wave 1
- Wave 3 cannot be the shortest impulse wave
- Wave 4 cannot enter the price territory of wave 1