Symmetrical

NEoWave Definition

The Symmetrical is a new corrective phenomenon discovered by Glenn Neely that is now part of NEoWave (it was discovered long-after Mastering Elliott Wave was written; so, it is not included in the book).

According to Glenn Neely's Q&A discussions, Symmetricals were developed to explain market formations that:

Do not fit the rules of Flats, Zigzags, Triangles or Diametrics
They contain 3-4 waves of similar price in the direction of the trend
They contain 2-3 waves of similar price in the opposite direction of the trend
Overall, they remain corrective patterns.

These structures reflect prolonged periods where buyers and sellers remain relatively balanced before a directional resolution eventually develops.

Related NEoWave Q&A

In NEoWave Symmetrical patterns, what are the minimum and maximum price / time relationships allowed between waves?
What Fibonacci relationships are present in Diametrics and Symmetricals?
In the past, you've mentioned the concept of "Supplemental Price & Time" in your private classes and in your Forecasting updates. Please define that concept along with when and where it is allowed.
It has been 30 years since you wrote Mastering Elliott Wave. With the increasing complexity of markets, along with the new patterns you discovered after its release (Diametrics, Symmetricals, Neutral Triangles), does Chapter 3 still provide the proper foundation for learning and applying Wave theory?
Can I use the Time rules (in Chapter 9 of MEW) to allow wave-A of a Flat, Zigzag or Triangle to be equal to the combined times of waves-B and C?

GLOSSARY

Symmetrical

NEoWave Definition

Related NEoWave Q&A

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GLOSSARY

Symmetrical

NEoWave Definition

Related NEoWave Q&A

LEARN MORE:

4-WEEK TRIAL SUBSCRIPTION ALL TRADING & FORECASTING SERVICES

Only $59 – Save $121!

4-WEEK TRIAL SUBSCRIPTION
ALL TRADING & FORECASTING SERVICES