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| Wave | Characteristic | |------|----------------| | ① | Start of trend, often sharp reversal | | ② | Retraces 50–78.6% of wave ①, go below start of ① | | ③ | Longest & strongest, never shortest among ①③⑤ | | ④ | Cannot overlap price of wave ① (in 4th wave) | | ⑤ | Final push, often diverging momentum (RSI/MACD) |

One of the three impulse waves (usually Wave 3) is almost always "extended," meaning it contains highly visible, elongated sub-waves that look like a mini 5-wave sequence. 4. Fibonacci Ratios: The Mathematical DNA of Waves elliott wave cheat sheet mento pdf patched

Motive Phase (Trend) Corrective Phase (Counter-Trend) (3) / \ (B) / \ / \ (1) / \ (4) / \ / \ --- (A) \ / \ \ / (2) (C) The 5-Wave Motive Phase | Wave | Characteristic | |------|----------------| | ①

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Wave 3 is never the shortest wave among the three impulse waves (Waves 1, 3, and 5).

It labeled the current price: