Question on Divergence(Wave5) and 140candlesticks

[Pall_Singh]

Hi there,

Just a few short questions here.

So far we have learnt that for a valid Elliott wave count using AO, Wave 1 to Wave 5 must occur within 100 to 140 candlesticks. That means that divergence should also occur within 100 to 140 candlesticks.

1)If a divergence occurs after 140 candles, is that still considered a valid divergence or should we ignore it as it has surpassed 140candlesticks?

2)If Wave 3 occurs within lets say 70candles, its still valid right? As wave 5 might occur within the next 30-60 candles and thus meeting the requirement of 100-140 candlesticks?

Reagrds,
Pall

[Grant]

nothing elliot wave wise is set in stone, the 140 bar rule is so that we can see where in a "count" that TF is...

for example if you cant see a count within seconds of looking at say a m1 chart then keep moving up a TF until you can clearly see a valid count....

that being said we dont trade Elliot Wave, i take the set ups as they come according to my rules... Once ion a trade then i will get into more detail as to what wave i am in and adjust my Target points to suit...

dont over complicate the entries, focus on the rules first, they will keep you in the waves we want to be trading...

hope this helps

Grant