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9/12/2023

Question of the Week Forum (End of an Era)

For nearly 20 years, I've posted answers to questions coming in from customers and fans all around the world. Combining all the available information in the Question of the Week se

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3/1/2023

Thank you Glenn Neely for making Wave analysis logical and scientific. I have a question. "When doing analysis, should I start with the smallest time frame and work my way up OR begin with the largest time frame and work my way down?"

40 years ago, when I was working on my book Mastering Elliott Wave, I assumed working from the smallest time-frame upward was the best approach for accurate, long-term forecasting.

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1/3/2023

Regarding contracting and neutral triangles, is there a time limit for post-pattern "thrust"?

After a b-wave or 4th-wave, limiting Triangle (whether the Triangle is contracting, expanding or neutral), the "thrust" phase for wave-c or wave-5 will be between about 20% to 40%

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11/8/2022

In NEoWave Symmetrical patterns, what are the minimum and maximum price / time relationships allowed between waves?

Unlike traditional Elliott Wave patterns (Flats, Zigzags, Triangles), Symmetricals and Diametrics DO NOT possess Fibonacci price or time relationships. It was this KEY characterist

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10/11/2022

If wave-A (of a Flat) on a monthly chart is shorter in time than wave-B but, on a weekly chart, wave-A is longer in time than wave-B, should the higher time frame still rule over the smaller?

YES because wave-A should never take more time than wave-B in a FLAT. What normally occurs, in such a situation, is what you thought was the end of wave-B (on the weekly chart) bec

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9/15/2022

What Fibonacci relationships are present in Diametrics and Symmetricals?

Diametrics and Symmetricals DO NOT possess Fibonacci price or time relationships. It's a critical, formational characteristic of such patterns and is the reason I was able to disco

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9/6/2022

In TRIANGLES, please explain the difference between Standard Alternation and Reverse Alternation.

In a "standard" contracting Triangle, wave-B will be larger in price and time than wave-D. In a "standard" expanding Triangle, wave-B will be smaller in price and time than wave-D

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7/5/2022

Does wave-C of a Triangle always take more time than A-wave OR can it sometimes take less time than A-wave?

The answer depends on what kind of Triangle is forming. If a contracting or expanding Triangle is forming, wave-A will always take less time than wave-C. If a neutral Triangle is f

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6/5/2022

During national holidays, financial markets are often closed. As a result, the number of bars for such weeks are less than 5. In those situations, do we use the next Monday's data to complete the 5-bar high/low Wave plot OR do we simply plot the high and low of the actual week, even though it is missing a day?

When a week is missing a day (due to holiday or other reason), just locate the highest and lowest points of the week (between Monday and Friday), plot them in the order they occurr

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5/24/2022

First, if the 5th wave of an impulsion is Terminal, will it take more time or less time than the previous 4th-wave? Second, do the normal time rules of an impulsion (such as wave-2 taking more time than wave-1 OR wave-4 taking more time than wave 3) apply in Terminals?

1 - A Terminal pattern (in the 5th-wave position) can take more time OR less time than the previous 4th-wave. 2 - Time relationships inside Terminals DO NOT have to follow the

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3/23/2022

In Complex corrections, can the correction after the X-wave take less time than the correction before the X-wave?

YES, if the first phase of a complex correction is a Triangle (for example) and the second phase is a flat or a zigzag, the second phase will almost certainly take less time than t

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2/8/2022

When you compare the price and time of Waves, do you measure them from their structural starting point to their ending point OR do you measure from the lowest price point to the highest price point?

This is a VERY important question that is NOT addressed by orthodox Elliott Wave but is covered under NEoWave. PRICE: Normally, when applying Fibonacci price relationships to pa

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11/16/2021

Is there any time limit for wave 2 with respect to wave 1 and wave 4 with respect to wave 3 in an impulse?

Absolutely - this concept is discussed extensively in Chapter 3 of my book Mastering Elliott Wave but I will synopsize those details below. STANDARD (trending) IMPULSIONS 1. Th

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5/7/2021

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.

Under NEoWave, all patterns have price and time limits imposed on the final leg of a formation (based on the typical price / time "standards" imposed by prior waves - see the Rule

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4/21/2021

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?

Yes, all the rules in my book still apply today (and should continue to work going forward, because they are based on logic NOT back-testing). The only thing I got wrong in Masteri

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3/31/2021

When applying Fibonacci relationships to markets, what is the best approach?

Fibonacci relationships work well for predicting the extent of a future price move but they do not work as well for projecting the Time consumption of future waves. In addition, wh

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10/14/2020

Have you tried to apply NEoWave concepts to hourly charts? Would those charts provide a good foundation for insight into daily price action?

A decade after I wrote my book Mastering Elliott Wave, I realized the "bottom up" process of analysis described therein was NOT the best approach for accurate, long-term consistent

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8/12/2020

Can an X-wave ever be between 61.8% and 100% in PRICE of the preceding standard pattern?

There are 3 standard Wave patterns in orthodox Elliott Wave (Flats, Zigzags and Triangles, which include 3 variations each). The ONLY time an X-wave can be similar in price to the

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6/11/2020

You suggest logarithmic charts when doing Wave analysis. Sometimes I see you use linear charts in your Forecasting services. What type of chart is best for accurate 0-2 and 2-4 trendlines and why do you switch back and forth?

Logarithmic charts are ALWAYS best (in every way) to get the most reliable channeling and Fibonacci price relationships - they are crucial when a market has gained or lost 25% or m

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6/11/2020

When an X-wave is longer in price than the prior A-B-C, should it be longer or shorter in time than the prior A-B-C. In your book you state it must be longer if the X wave is larger, Yet in your videos you state that X waves should be shorter in every instance. Please could you clarify your thoughts on this.

Mastering Elliott Wave was written 30 years ago, when I had only 7 years experience analyzing and trading markets - I've gained a lot of knowledge since. Below are Rules for X-wave

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