BABA's Elliott wave count, # 2 probable count out of many !

2021年9月30日

ZigZag Rules:

A ZigZag is a three wave structure labeled A-B-C, generally moving counter to the larger trend. It is the most common three wave Elliott pattern. Zigzags are corrective in nature.
Wave A must be an Impulse or a Leading Diagonal.
Wave B can only be a corrective pattern.
Wave B must be shorter than Wave A by price. All internal points are considered.
Wave B must be at least 20% of A by price.
Although there is no minimum time constraint for Wave B, it must not exceed 10 times the time taken by Wave A.
Wave C must be an Impulse or an Ending Diagonal.
If Wave A is a Leading Diagonal, then Wave C must not be an Ending Diagonal.
Wave C must be longer than 90% of Wave B by price.
Wave C must be less than 5 times Wave B by price.
It is not allowable to have both Wave 5 of A a failure (Wave 5 is shorter then Wave 4) and Wave 5 of C a failure.
Wave C must be no more than 10 times either Wave A or B in price or time.



ZigZag Guidelines:

It is unusual for a Wave within Wave A to have a greater gross price movement than Wave A.
Wave B should end nowhere near beginning of Wave A
Wave B should retrace at least 30% of Wave A.
Wave B is most likely to retrace Wave A by about 38.2%.
Wave B is next most likely to retrace Wave A by about 50%.
Wave B is next most likely to retrace Wave A by about 61.8%.
The largest Wave in B is usually less than the gross price movement of Wave A.
The time taken by Wave B is usually between 61.8% and 161.8% of the time taken by Wave A.
Wave C is most likely to have a similar price length to Wave A.
The next most likely price lengths for Wave C are 61.8% and 161% of Wave A
The next most likely price length for Wave C is 61.8% of Wave A beyond the end of Wave A.
If Wave C is much longer than 161.8% of A, then the pattern is more probably the beginning of an Impulse than a Zigzag.
If Wave C is complete, and has a greater slope than Wave A, expect the Zigzag to extend to an Impulse.
Although Wave C should always be greater in price to Wave B, in rare cases Wave C can be up to 10% shorter than Wave B.
The largest Wave within C by price is usually less than the gross price movement of Wave A.
The time taken by Wave C is usually between 61.8% of Wave A and 161.8% of the shortest Wave of A and B.

2021年11月18日

註釋

One probable count out of many !

2021年12月1日

註釋

Heading straight to our target, we need to see 5 waves here !