Mastering Elliott Wave: By Glenn Neelypdf Top
Glenn Neely's "Mastering Elliott Wave" transforms traditional, subjective wave theory into a rigorous, rule-based, and objective analytical method known as NEoWave. The text emphasizes scientific, self-confirming analysis over subjective forecasting, focusing on monowaves and strict price/time constraints for identifying market turning points. For more details, visit
- Chapter on Monowaves: Understanding the smallest building blocks.
- The Logic of Impulsions: Why Wave 3 cannot be the shortest (and the mathematical proof).
- Retracement Analysis: The percentage rules that differentiate patterns.
- The Diametric Pattern: This is the "signature" Neely pattern that gives NeoWave traders an edge over standard Elliotticians.
Glenn Neely's Approach to Elliott Wave
- They are 5-wave structures (A-B-C-D-E) that contract in price.
- The "Thrust": After a Triangle, the subsequent move (the thrust) is usually a swift, final move that creates a "throw-over" of the trend lines.
- Rule: The thrust is usually the shortest wave in the sequence. If it isn't, the pattern was likely not a triangle.
2. The Rule of Equality
When one wave is extended, the two non-extended waves usually share a relationship in price and/or time. mastering elliott wave by glenn neelypdf top
Introduction
