{"id":3858,"date":"2024-10-24T06:30:23","date_gmt":"2024-10-24T06:30:23","guid":{"rendered":"https:\/\/apex-aiexperts.com\/?p=3858"},"modified":"2024-10-24T06:30:23","modified_gmt":"2024-10-24T06:30:23","slug":"3-cardinal-rules-of-the-elliott-wave-theory","status":"publish","type":"post","link":"https:\/\/apex-aiexperts.com\/es\/3-cardinal-rules-of-the-elliott-wave-theory\/","title":{"rendered":"3 reglas cardinales de la teor\u00eda de las ondas de Elliott"},"content":{"rendered":"

As you may have guessed, the key to using the Teor\u00eda de las ondas de Elliott<\/a> in trading is all about being able to correctly identify waves<\/strong>.<\/p>\n\n\n\n

By developing the right eye in recognizing what wave the market is in, you will be able to find out which side of the market to trade on, long or short.<\/p>\n\n\n\n

There are THREE cardinal \u201ccannot-be-broken\u201d rules in labeling waves.<\/p>\n\n\n\n

So, before you jump right into applying the Elliott Wave Theory to your trading, you must take note of the rules below.<\/p>\n\n\n\n

Failing to label waves correctly can prove disastrous to your account.<\/p>\n\n\n\n

3 reglas cardinales de la teor\u00eda de las ondas de Elliott<\/h2>\n\n\n\n

Rule Number #1:<\/strong> Wave 3 can NEVER be the shortest impulse wave<\/p>\n\n\n\n

Rule Number #2:<\/strong> Wave 2 can NEVER go beyond the start of Wave 1<\/p>\n\n\n\n

Rule Number #3:<\/strong> Wave 4 can NEVER cross in the same price area as Wave 1<\/p>\n\n\n\n

Elliott Wave Trading Guidelines<\/h2>\n\n\n\n

Then, there are guidelines that help you correctly label waves.<\/p>\n\n\n\n

Unlike the three cardinal rules, these guidelines can be broken. Here they are:<\/p>\n\n\n\n

Sometimes, Wave 5 does not move beyond the end of wave 3. This is called truncation<\/strong>.<\/p>\n\n\n\n

Wave 5, more often than not, goes beyond or \u201cbreaks through\u201d the trend line drawn off Wave 3 parallel to a trend line connecting the start of Waves 3 and 5.<\/p>\n\n\n\n

Wave 3 tends to be very long, sharp and extended.<\/p>\n\n\n\n

Waves 2 and 4 frequently bounce off Fibonacci retracement<\/a> levels.<\/p>\n\n\n\n

\"3<\/figure>","protected":false},"excerpt":{"rendered":"

As you may have guessed, the key to using the Elliott Wave Theory in trading is all about being able to correctly identify waves. By developing the right eye in recognizing what wave the market is in, you will be able to find out which side of the market to trade on, long or short. There are THREE […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[64,62],"tags":[],"class_list":["post-3858","post","type-post","status-publish","format-standard","hentry","category-elliott-wave-theory","category-summer-school"],"_links":{"self":[{"href":"https:\/\/apex-aiexperts.com\/es\/wp-json\/wp\/v2\/posts\/3858","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/apex-aiexperts.com\/es\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/apex-aiexperts.com\/es\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/apex-aiexperts.com\/es\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/apex-aiexperts.com\/es\/wp-json\/wp\/v2\/comments?post=3858"}],"version-history":[{"count":1,"href":"https:\/\/apex-aiexperts.com\/es\/wp-json\/wp\/v2\/posts\/3858\/revisions"}],"predecessor-version":[{"id":3859,"href":"https:\/\/apex-aiexperts.com\/es\/wp-json\/wp\/v2\/posts\/3858\/revisions\/3859"}],"wp:attachment":[{"href":"https:\/\/apex-aiexperts.com\/es\/wp-json\/wp\/v2\/media?parent=3858"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/apex-aiexperts.com\/es\/wp-json\/wp\/v2\/categories?post=3858"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/apex-aiexperts.com\/es\/wp-json\/wp\/v2\/tags?post=3858"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}