The complete eight wave cycle has rules that govern its shape. They are listed here.
The motive phase is composed of five waves, three advancing (1, 3, 5) and two counter trend waves, 2 and 4.
The corrective phase is composed of three waves, two receding (A and C) and one counter trend wave, B.
Motive waves can head up or down.
Corrective waves can head up or down.
The motive phase aligns with the larger trend.
The corrective phase is a counter trend move against the larger trend.
Wave 2 never moves beyond the start of wave 1.
Wave 3 is never the shortest wave.
Wave 4 never overlaps wave 1.
This is an observation: one of the waves, 1, 3, or 5, will often (but not always) be much longer (extended) than the other two.
-- Thomas Bulkowski
The motive phase is composed of five waves, three advancing (1, 3, 5) and two counter trend waves, 2 and 4.
The corrective phase is composed of three waves, two receding (A and C) and one counter trend wave, B.
Motive waves can head up or down.
Corrective waves can head up or down.
The motive phase aligns with the larger trend.
The corrective phase is a counter trend move against the larger trend.
Wave 2 never moves beyond the start of wave 1.
Wave 3 is never the shortest wave.
Wave 4 never overlaps wave 1.
This is an observation: one of the waves, 1, 3, or 5, will often (but not always) be much longer (extended) than the other two.
-- Thomas Bulkowski