NEoWave and Elliott: what the added conditions actually test
Check two X-after-Flat characteristics under a specific attributed version without declaring a complete count.
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All numbers and scenarios below are invented. These exercises check observations and rules; they report no measured return or promised reversal. O/H/L/C mean open/high/low/close; V is volume from the chosen source.
NEoWave: attributed price, time and validation conditions
Glenn Neely extends wave analysis with conditions involving price, time, complexity and post-pattern behavior. Attach each condition to its pattern and author’s source. Added detail alone does not establish better forecasts. In his 13 January 2010 answer, one ordinary X-after-Flat branch requires retracement below 61.8% and duration from one-third to 99% of the Flat; a Double-Three Running case is addressed separately.
Our invented candidate Flat occupies t=0–30, range 90–100, ending at 90. Candidate X ends at 94 on t=42: retracement 4/10=40%, duration 12/30=40%, satisfying these two bounds. Alternative endpoint 97 gives 70%, failing this specific branch. The coarse diagram establishes neither the Flat itself nor every NEoWave rule. Freeze model, rule version, intervals and point availability; then examine subdivisions and post-pattern action, retaining “candidate” until checked. Do not impose one branch’s condition on every Elliott correction.
| Item | Value |
|---|---|
| Flat | t:0–30 | 90–100 | Δt=30 |
| X | t:30–42 | 90→94 | Δt=12 |
| P | (94−90)/(100−90)=0.4 |
| t | (42−30)/(30−0)=0.4 |
| X2 | (97−90)/10=0.7 |
Do two 40% ratios confirm a NEoWave count?
No. They check only two necessary characteristics of the selected branch; structure and other conditions remain unverified.