elliott wave rules and guidelines pdf

Only approximately 2% of the time will a labeled Wave 3 be less than W1. Corrective waves have a lot more variety and less clearly identifiable compared to impulse waves. In total there are 13 major Elliott wave patterns. It also works vice versa, if wave 2 is complex moving sideways then wave 4 will be simple and move very fast. Various Fibonacci ratios can be created in a table shown below where a Fibonacci number (numerator) is divided by another Fibonacci number (denominator). You must wait for Wave 3 to exceed the final price level of Wave 1. Then wave 4 will be complex and move sideways. Elliott Wave Theory – an Invaluable Tool for Successful Trading Guidelines 3: After 5 motive waves, we get 3 correction waves. In other words, the market can trend in a corrective structure; it keeps moving in the sequence of 3 waves, getting a pullback, then continue the same direction again in a 3 waves corrective move. Rule Number #3: Wave 4 can NEVER cross in the same price area as Wave 1. Rule Number #2: Wave 2 can NEVER go beyond the start of Wave 1. His invention was so perfect that he came up with 6 cardinal rules to help traders in identifying and validating the Elliott waves. The basis of the work came from a two-year study of the pyramids at Giza. It can assist us in determining to find good Elliott Waves entry points. GUIDELINE 1: using the diagram above let us look at guideline 1, if wave 3 is the longest, usually wave 1 and wave 5 are more or less the equal to each other in terms of price and time. GUIDELINE 2: the law of alternation states that if wave 2 is simple correction pattern like zig-zag, and it goes fast. While it can, it is not always the longest wave in terms of time. Elliott first published his theory of the market patterns in the book titled The Wave Principle in 1938. 3)Wave X must be smaller than wave W by price. The rules are set of conditions that you must apply in order to count the waves correctly, Elliot wave rules were founded by the legend himself Ralph Nelson Elliot when he analyzed a set of stock charts and he discovered that the market moves in certain patterns and they follow certain rules. Over years Elliott followers tried to collect the rules and improve the interpretation of the waves. Elliott Wave Basics 3-5 Wave Labeling and Nota tion Conventions Used In This Book 3-6 A Summary Of The Elliott Wave Principle 3-10 The Rules and Guidelines Illustrated 3-11 Trading Implications of the Rules and Guidelines 3-19 Impulse Waves 1, 3 and 5 3-23 Impulse Wave One 3-24. The market is then expected to turn and resume the trend again in the primary direction. Both these patterns are included in the list of rules and guidelines below. Here they are: Sometimes, Wave 5 does not move beyond the end of wave 3. Wave 2 never retraces more than 100% of Wave 1. Some technical indicators that accompany wave A include increased volume, rising implied volatility in the options markets and possibly a turn higher in open interest in related futures markets, Wave B: Prices reverse higher, which many see as a resumption of the now long-gone bull market. Usually, Wave 3 is longer than both these waves. WAVE 4 Introduction. For example, in impulse wave: • Wave 2 is typically 50%, 61.8%, 76.4%, or 85.4% of wave 1 Commodities market commonly develop extensions in the fifth wave, • Special type of motive wave which appears as subdivision of wave 1 in an impulse or subdivision of wave A in a zigzag, • In Figure 4A, the leading diagonal is a subdivision of wave 1 in an impulse. Stocks, commodities and gold: This book will teach you the rules and guidelines of the Wave Principle and help you understand how to apply it to any financial market. ' 2006 Elliott Wave International The e-learning Series for Traders. Corrective waves start with a five-wave counter-trend impulse (wave A), a retrace (wave B), and another impulse (wave C). Rule Number #1: Wave 3 can NEVER be the shortest impulse wave. Volume picks up, and by the third leg of wave C, almost everyone realizes that a bear market is firmly entrenched. The biggest challenge many are faced when learning Elliott Wave is the difficulty of finding information for each wave pattern. Elliott Wave ~ Rules and Guidelines Motive Waves. There are 3 rules that cannot be broken when it comes to Elliot Wave Theory which apply to this initial wave sequence: Rule 1: Wave 2 cannot retrace more than 100% of Wave 1. The more Guidelines obeyed by an Elliott pattern, the higher its rating or probability of being correct. It’s therefore important not to force everything in 5 waves when trying to find the trend and label the chart. Ideally, smaller patterns can be identified within bigger patterns. The previous trend is considered still strongly in force. Some of the key Fibonacci ratios can be derived as follow: • 0.618 is derived by dividing any Fibonacci number in the sequence by another Fibonacci number that immediately follows it. We start our Fib Exe at the beginning of a new Elliott Wave sequence. Those familiar with classical technical analysis may see the peak as the right shoulder of a head and shoulders reversal pattern. Anyone looking to “get in on a pullback” will likely miss the boat. Unlike the three cardinal rules, these guidelines can be broken. The Impulse Wave is the type of wave we have used so far to illustrate how the structure of Elliott Wave is put together. That’s your signal that Wave 2 is over. We agree that motive waves move in the same direction as the trend and we also agree that 5 waves move is a motive wave. The Elliott wave theory, ( or some call it the Elliott Wave Principle) Elliott wave analysis and how to trade Elliott Waves can be a mind boggling trading concept to understand especially for a new forex trader.. You see, I consider myself pretty good when it comes to price action forex technical analysis but when it comes to Elliott waves, even the “old dog” gets lost sometimes… Impulse: (IM) An Impulse is a five-wave pattern labelled 1-2-3-4-5 moving in the direction of the larger trend. Elliott Wave Trading Guidelines. Different waves in an Elliott Wave structure relates to one another with Fibonacci Ratio. Later on when we want to calculate a Fibonacci Extension calculation, remember, this is the area at which we will start our calculation. Triangles have 5 sides and each side is subdivided in 3 waves hence forming 3-3-3-3-3 structure. - Wave 1 usually subdivides into an impulse or seldom into a leading diagonal. 2. Succeeding numbers in the series adds the previous two numbers and thus we have 0, 1, 1, 2, 3, 5, 8, 13, 21, 34, 55, 89 to infinity. While in a diagonal wave pattern this rule has an exception as I explained in the course. Guidelines for Applying Elliott Wave Theory. WAVE 4 Wave C is typically at least as large as wave A and often extends to 1.618 times wave A or beyond. Elliott Wave Principle: A Key to Market BehaviorHardcover R.N. The Elliott Wave Theory was originally derived from the observation of the stock market (i.e. For example, 34 divided by 89 • 1.618 (Golden Ratio) is derived by dividing any Fibonacci number in the sequence by another Fibonacci number that is found 1 place to the left in the sequence. In addition, market can keep moving in a corrective structure in the same direction. Below are the most important rules, and some images to go with them. As I said this guideline works the other way around as well, anyone between wave 2 and wave 4 could be complex or simple. Chapter 2 – Guidelines of Wave Formation: (Guidelines aren’t rules, they guide to what is probable) Alternation: (expect a difference in the next expression of a similar wave): If wave 2 is sharp, expect wave 4 to be sideways, and vice versa, except inside triangles, where alternation of 2 & 4 does not occur. Elliot Wave Principle … In Figure 5B, the ending diagonal is a subdivision of wave C in a zigzag, • Ending diagonal is usually characterized by overlapping wave 1 and 4 and also by the wedge shape. Elliott Wave Principle :: Elliott Wave International. Elliott Wave Principle, by A.J. This Elliot wave rule is depended on the type of motive wave. Different waves in an Elliott Wave structure relates to one another with Fibonacci Ratio. A correct Elliott wave count must observe three rules: Wave 2 never retraces more than 100% of wave 1. As prices retest the prior low, bearish sentiment quickly builds, and “the crowd” haughtily reminds all that the bear market is still deeply ensconced. The free Elliott Wave PDF by Kenny at Traders Day Trading is our quick start guide that will give you a very good overview of the basics of the Wave theory. This rule is usually mistaken in an extended wave 3. The rules are set of conditions that you must apply in order to count the waves correctly, Elliot wave rules were founded by the legend himself Ralph Nelson Elliot when he analyzed a set of stock charts and he discovered that the market moves in certain patterns and they follow certain rules. There are three different variations of a 5 wave move which is considered a motive wave: Impulse wave, Impulse with extension, and diagonal. Elliott wave analysts hold that ea ch individual wave has its own signature or characteristic, which typically reflects the psychology of the moment (Poser2003). The structure of the waves can be corrective, but the sequence of the swings will be able to tell us whether the move is over or whether we should expect an extension in the existing direction. If we discover the number of swings on the chart is one of the numbers in the motive sequence, then we can expect the current trend to extend further. CONCLUSION: please remember that the Elliot wave rules cannot be broken, breaking the rules is one of the reason people think that Elliot wave doesn’t work, they create their own Elliot wave rules which are unproven and when they lose they blame the Elliot wave system. The Elliott Wave Principle –Based on Ralph Nelson Elliott’s conviction that social or crowd behavior trends and reverses in identifiable patterns (waves) or cycles. I really liked that all rules and guidelines are presented at the end of chapter 2, so I could print them and keep as a reference. Using more than 200 charts and 20 market examples, coauthors Jeffrey Kennedy and Wayne Gorman equip you with what you need to use the Wave Principle to spot market turning points and high-confidence trade setups in your own trading. Guidelines differ from hard-and-fast rules in Figure A.2 Source: Adapted from Elliott Wave Principle. Thus, we believe in today’s market, trends do not have to be in 5 waves and trends can unfold in 3 waves. The Elliott Wave Principle is founded upon the concept that stock market price movements are not a result of the latest news headline, but are in fact a direct product of the mass psyche of the market participants. Nevertheless a must read for someone interested in Elliot Wave theory. The 5 waves move in wave 1, 2, 3, 4, and 5 make up a larger degree motive wave (1), Corrective waves subdivide into 3 smaller-degree waves, denoted as ABC. There are rules and three guidelines in the construction and identification of Elliott Wave triangles. The Elliott Wave Principle is especially well suited to these functions. What is the difference between Elliot wave rules and Elliot wave guidelines? 3 Cardinal Rules of the Elliott Wave Theory. no lets continue and look at elliot wave rule number 3. Second, wave 5 is equal to wave 1. In Elliott’s model, market prices alternate between an impulsive, or motive phase, and a corrective phase on all time scales of trend. Figure A.3 Source: Adapted from Elliott Wave Principle. The three wave correction is labelled as a, b, and c. These patterns can be seen in long term as well as short term charts. Rule 1: Wave 2 correction must not retrace more than 100% of wave 1. When the first wave of a new bull market begins, the fundamental news is almost universally negative. bapp01.indd 230 5/3/2013 5:17:26 PM. Though many traders complain that Elliott Wave analysis is too esoteric and difficult to understand with all it rules, the fact is that within the Elliott Wave principle there are only three main unbreakable rules. Box 1618, Gainesville, GA 30503 USA 800-336-1618 or 770-536-0309 Fax 770-536-2514 www.elliottwave.com ' 2006 Elliott Wave International The e-learning Series for Traders. While it can, it is not always the longest wave in terms of time. Worry not; we are going to see the proper way of spotting and trading them today. 2. Impulse (5-3-5-3-5) Rules - An impulsive wave always subdivides into five waves (1-2-3-4-5). Wave 5: In Elliott Wave Theory, wave five is the final leg in the direction of the dominant trend. Motive sequence is much like the Fibonacci number sequence. Though many traders complain that Elliott Wave analysis is too esoteric and difficult to understand with all it rules, the fact is that within the Elliott Wave principle there are only three main unbreakable rules. One of the Elliott Wave strategy rules is that the waves 1, 3 and 5 often formed in the direction of the trend. Visual Guide to Elliott Wave Trading. Guidelines are from experience of the current market but they don’t hold for all market conditions like rules. However, we think that motive waves do not have to be in 5 waves. At the end of a major bull market, bears may very well be ridiculed (recall how forecasts for a top in the stock market during 2000 were received), The wave 5 lacks huge enthusiasm and strength found in the wave 3 rally. Rule 2: Wave 3 can never be the shortest of the three impulse waves. Elliott Wave triangles consist of five waves labeled a-b-c-d-e. Motive waves move in the same direction of the primary trend, but in today’s time, we believe it doesn’t necessarily have to be in impulse. At the end of wave 4, more buying sets in and prices start to rally again. Elliott Wave Rules and Guidelines. The Elliott Wave Principle –Based on Ralph Nelson Elliott’s conviction that social or crowd behavior trends and reverses in identifiable patterns (waves) or cycles. Volume is well below than that of wave three. Share and like our Facebook page, we will posting a lot of ongoing trades in it. The volume during wave B should be lower than in wave A. Fibonacci Extension refers to the market moving with the primary trend into an areas of support and resistance at key Fibonacci levels where target profit is measured. For this reason, we prefer to call it motive sequence instead. At times, Wave 3 may end up to be equal in length, but never the shortest. First rule: Wave 2 cannot retrace the whole wave 1. When two of these corrective patterns are combined together, we get a double three. The Golden Ratio (1.618) is derived by dividing a Fibonacci number with another previous Fibonacci number in the series. The Visual Guide to Elliott Wave Trading is an in-depth, simple-to-use info to trading the financial markets with the Elliott Wave Principle. Find out how to access the Elliott Wave Principle online for free. We have four major classes of market: Stock market, forex, commodities, and bonds. Definition of Elliott Wave Cycle. Notify me of follow-up comments by email. In Elliott Wave Theory, the traditional definition of motive wave is a 5 wave move in the same direction as the trend of one larger degree. Second rule: Wave 3 cannot be the shortest among waves 1, 3 and 5. Never mind that the wave 4 has another rule which is broken. Applying the Wave Principle The practical goal of any analytical method is to identify market lows suitable for buying (or covering shorts), and market highs suitable for selling (or selling short). That’s your signal that Wave 2 is over. So, the following rules must be present at all times: • Wave 2 never retraces 100% of wave 1 • Wave 3 is never the shortest wave among the impulse waves 1, Elliott's Masterworks: The Definitive CollectionHardcover Elliott Waves Made Simple: Master Elliott Waves Techniques In Less Than 48 HoursPaperback Nature's law: The secret of the universe (Elliott Wave /5(4). Triangle Rules, Guidelines Double ZigZag Rules, Guidelines Double Sideways Rules, Guidelines Elliott Rules must be obeyed in every detail for a pattern to qualify as an Elliott Pattern (or wave). Rule 1: Wave 2 cannot retrace more than 100% of Wave 1. These three articles have gone over the rules of Elliott Wave Theory in some detail. Elliott acknowledged 9 degrees of waves from the Grand Super Cycle degree which is usually found in weekly and monthly time frame to Subminuette degree which is found in the hourly time frame. As wave three starts, the news is probably still bearish, and most market players remain negative; but by wave three’s midpoint, “the crowd” will often join the new bullish trend. In Figure 4B, the leading diagonal is a subdivision of wave A in a zigzag, • Leading diagonal is usually characterized by overlapping wave 1 and 4 and also by the wedge shape but overlap between wave 1 and 4 is not a condition, it may or may not happen, • The subdivision of a leading diagonal can be 5-3-5-3-5 or 3-3-3-3-3. The theory part is easy. 1)Wave 1 must itself be an Impulse or a Leading Diagonal pattern. Whereas Zigzag is a 5-3-5 structure, Flat is a 3-3-5 structure. By this point, fundamentals are probably no longer improving, but they most likely have not yet turned negative, Wave C: Prices move impulsively lower in five waves. This, however, is as a result of improper identification of the cycles. Only motive waves are fives. In this sense, Elliott Waves are like a piece of broccoli, where the smaller piece, if broken off from the bigger piece, does, in fact, look like the big piece. R.N.Elliott & his Discovery . Depending on the number of stops, gaps are left open. For those of you newer to Elliott Wave it might help you a little bit as you see Wave 3 counts evolve over time and are trying to anticipate Wave 3 completions. Unfortunately, this is when many average investors finally buy in, right before the top. In a two book series you will be taken through the steps to master the global cash flows of today’s financial markets. The development of computer technology and Internet is perhaps the most important progress that shape and characterize the 21st century. Here’s what you found out: Rule Number #2: Wave 2 can NEVER go beyond the start of Wave 1 I'm going to show you how to identify, and navigate them using the Elliott wave rules, in this guide. First, wave 5 is inverse 123.6 – 161.8% retracement of wave 4. In Figure 2, the impulse move is subdivided as 1, 2, 3, 4, 5in minor degree. You must wait for Wave 3 to exceed the final price level of Wave 1. In the image above you can see that the incorrect counting labeled in red is wrong because of wave 3 is shorter than wave 1 and wave 5. Rule #1: … It is a tendency - something that happens so often that it can almost qualify as a rule, but at times doesn't work as expected. Download PDF: The Wave Principle Part I; Author Terms . Free Elliott Wave PDF The free Elliott Wave PDF by Kenny at Traders Day Trading is our quick start guide that will give you a very good overview of the basics of the Wave theory. Legitimate questions arise whether Elliott Wave Principle can be applied in today’s new trading environment. However, as stated before, putting Elliott Wave to use will take some practice. Second rule: Wave 3 cannot be the shortest among waves 1, 3 and 5. 1.00 Introduction Š Ralph Nelson Elliott™s Discovery 2.00 Motive Waves 3.00 Corrective Waves 4.00 Rules 5.00 Guidelines 6.00 Wave Personalities 7.00 Fibonacci Relationships 8.00 Summary The Basics of the Wave Principle 1.01. In Elliott Wave Trading: Principles and Trading Strategies, Senior Analyst Jeffrey Kennedy teaches you his practical methodology that will help you trade Elliott with more confidence, clarity and accuracy.Beyond just theory, Jeffrey reveals how to build and apply a trading plan around the five core Elliott wave patterns. Third rule: Waves 1 and 4 must not overlap. Elliott Wave Trading Guidelines. While on the other side the guidelines are just observation of the markets which cannot be guaranteed and can change any time. The classic definition of corrective waves is waves that move against the trend of one greater degree. Rule 2: Wave 4 must not cross into the price territory of wave 1 in an impulse wave, but Wave 4 can overlap wave 1 in a leading or ending diagonal wave. No doubt the trading environment that we face today is completely different than the one in the 1930’s when Elliott first developed his wave principle. EWF prefers to define motive wave in a different way. Most Elliott Wave traders find the application part hard. It is the most common motive wave and the easiest to spot in a market. Elliot wave rules are simple to understand but you need practice to get them right all the time. They often indicate levels at which strong resistance and support will be found. The movement in the direction of the trend is labelled as 1, 2, 3, 4, and 5. As soon as the Wave 1 high is exceeded, the stops are taken out. As the rule states that wave 2 must not go below start of wave 1, in the image above the left-hand side counting is correct since that rule is met, while the right-hand side we can see that wave 2 exceed start of wave 1. They are easily seen in nature (seashell spirals, flower petals, structure of tree branches, etc), art, geometry, architecture, and music. Fibonacci Retracement in technical analysis and in Elliott Wave Theory refers to a market correction (counter trend) which is expected to end at the areas of support or resistance denoted by key Fibonacci levels. Inspired by the Dow Theory and by observations found throughout nature, Elliott concluded that the movement of the stock market could be predicted by observing and identifying a repetitive pattern of waves. It also used to classify them into a set of meaningful patterns, which can become a reliable tool for future price predictions. - Wave 3 always moves beyond the end of wave 1. The Impulse Wave is the type of wave we have used so far to illustrate how the structure of Elliott Wave is put together. After taking the stops out, the Wave 3 rally has caught the attention of traders. The Elliott Wave strategy needs to satisfy and abide by some strict rules in order to validate the 5 wave move. the highest volume. For example, in impulse wave: Traders can thus use the information above to determine the point of entry and profit target when entering into a trade. Elliott Wave degree is an Elliott Wave language to identify cycles so that analyst can identify position of a wave within overall progress of the market. Page 5 As a rule, Wave 3 is never the shortest, usually longer than W1 and W2. Traders use the Fibonacci Extension to determine their target profit. 5)Wave Y must be greater or equal to Wave X by price. We have seen the rules now let see the Elliot wave GUIDELINES. No one can guarantee the yellow brick road, but Michael Covel promises the red pill will leave you wide awake. 3.1 Ideal Impulse Wave: 3. Like all motive waves, five sub-waves: three motive waves and two corrective waves. Rule Number #3: Wave 4 can NEVER cross in the same price area as Wave 1. Remember that diagonals are rare in the markets. Rule 3: Wave alteration - If wave 2 is a deep correction - then wave 4 will be shallow. Rules and guidelines The most important rules and guidelines are: Wave 2 cannot be longer in price than wave 1, and it must not go beyond the origin of wave 1. Frost and Robert Prechter. So here, I am going to explain everything about Elliott wave theory cycle and some basic rules and guidelines which justify a correct wave cycle. The guidelines described below are useful ways of applying Elliott Wave analysis that have shown their validity over time. A guideline is not a hard and fast rule that can't be broken. Prices may meander sideways for an extended period, and wave four typically retraces less than 38.2% of wave three. These ratios, and several others derived from them, appear in nature everywhere, and in the financial markets. For example, 8 divided by 13 or 55 divided by 89 • 0.382 is derived by dividing any Fibonacci number in the sequence by another Fibonacci number that is found two places to the right in the sequence. All the waves adhere to the 6 cardinal rules of the Elliott Wave Forex trading method. In Figure 1, wave 1, 3 and 5 are motive waves and they are subdivided into 5 smaller degree impulses labelled as ((i)), ((ii)), ((iii)), ((iv)), and ((v)). Visual Guide to Elliott Wave Trading 231 incorrect, because wave 2 here retraces more than 100 percent of wave 1. In addition. Frost. Double three is a sideways combination of two corrective patterns. What are the Elliott wave abc correction rules. Wave 2 and 4 are corrective waves and they are subdivided into 3 smaller degree waves labelled as ((a)), ((b)), and ((c)). Elliott wave rules and guidelines. As I said once you break the rules you are no longer trading the Elliot wave. However, the Guidelinesdo not have to be obeyed. There are three different types of Flats: Regular, Irregular / Expanded, and Running Flats. In the diagram wave 3 is extended, wave 1 and wave 5 are almost equal. • Wave 1, 3, and 5 subdivision are impulse. Elliott Wave Forecast : Analysis and Trading Signals, Elliott Wave Forecasts for 52 Markets including Forex, Commodities, Indices and Interest rates. These price patterns can enable an Elliott Wave analyst to assess whether prices are likely to rise or fall - ahead of the event. Next, Elliott Wave observed this after a 5 wave move in the direction of the prevailing trend. In 1242, he published a paper entitled Liber Abacci which introduced the decimal system. This is labeled as a … First rule: Wave 2 cannot retrace the whole wave 1. While making an entry trader must look into 2 points in the impulsive cycle. Thus, one way to label between ABC and impulse is whether the third swing has extension or not, • A corrective 3 waves move labelled as ABC, • Subdivision of wave A and B is in 3 waves, • Subdivision of wave C is in 5 waves impulse / diagonal, • Subdivision of wave A and B can be in any corrective 3 waves structure including zigzag, flat, double three, triple three, • Wave B terminates near the start of wave A, • Wave C generally terminates slightly beyond the end of wave A, • Wave C needs to have momentum divergence, • Wave C = 61.8%, 100%, or 123.6% of wave AB, • Wave B of the 3-3-5 pattern terminates beyond the starting level of wave A, • Wave C ends substantially beyond the endng level of wave A, • Wave B of the 3-3-5 pattern terminates substantially beyond the starting level of wave A as in an expanded flat, • Wave C fails travel the full distance, falling short of the level where wave A ended, • RSI also needs to support the triangle in every time frame, • Subdivision of ABCDE can be either abc, wxy, or flat, • A combination of two corrective structures labelled as WXY, • Wave W and wave Y subdivision can be zigzag, flat, double three of smaller degree, or triple three of smaller degree, • Wave X = 50%, 61.8%, 76.4%, or 85.4% of wave W, • Wave Y = 61.8%, 100%, or 123.6% of wave W, • A combination of three corrective structures labelled as WXYXZ, • Wave W, wave Y, and wave Z subdivision can be zigzag, flat, double three of smaller degree, or triple three of smaller degree, • Wave Z = 61.8%, 100%, or 123.6% of wave W, • Wave Y can not pass 161.8% of wave W or it can become an impulsive wave 3. Gainesville, GA 30503 USA 800-336-1618 or 770-536-0309 Fax 770-536-2514 www.elliottwave.com ' 2006 Elliott Wave International e-learning... And you ’ d be done with, right before the top but it can it... For future price predictions familiar with classical technical analysis may see the way... As a correction in a corrective structure in the diagram Wave 3 is extended, while Wave 1 the Wave. Many books and all over the rules now let see the peak as the first two numbers ahead of waves! Adapted from Elliott Wave is the type of motive Wave and the to! The markets which can become a reliable tool for future price predictions label the.. Good place to buy a pull back if you understand the elliott wave rules and guidelines pdf ahead Wave! Posted a while back a PDF file where I talked about this general rule current! Them using the Elliott waves follow certain rules and you ’ d be done with right... Guideline 2: Wave 3 can not be the shortest when compared to waves 1 and 5 often in... 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