Elliott Wave Impulse Wave (IMP) Pattern Rules
1) Impulse wave pattern consists of 5-waves, identified as 1, 2, 3, 4 and 5
2) W2 shall not retrace lower than the beginning point of W1
3) W4 shall not overlap to W1
4) W3 shall not the shortest wave
Below is the example of impulse wave pattern both uptrend and downtrend.
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