Elliott Wave Principle Skill

This skill helps you apply the Elliott Wave Principle to analyze financial market price data. It contains reference files with detailed rules, pattern descriptions, and guidelines.

Quick Start

• If the user provides a chart or price data and asks for wave analysis, first determine the trend direction and look for the basic 5‑wave pattern (impulse) followed by a 3‑wave correction.
• Use the reference files to verify rules and identify specific patterns.

Reference Files

The following files are available in the references/ directory. Load them as needed based on the user’s question.

• basic-principles.md – Fundamental concepts: the 5‑3 wave structure, motive vs. corrective mode, wave degrees, labeling conventions.
• impulse-waves.md – Rules for impulse waves (no overlap, wave 3 not shortest, etc.), extensions, truncations, diagonal triangles (ending and leading).
• corrective-patterns.md – Detailed descriptions of zigzags (single, double, triple), flats (regular, expanded, running), triangles (contracting, expanding), and combinations (double/triple threes).
• guidelines.md – Key guidelines: alternation, channeling, volume characteristics, wave personality, and practical application tips.
• fibonacci-relationships.md – Fibonacci ratios in wave relationships (retracements, multiples, time sequences), how to apply them for price targets.
• glossary.md – Definitions of Elliott Wave terms (e.g., throw‑over, truncation, apex, etc.).