How long is wave 3 in Elliott Wave?

    Quick Answer

    Wave 3 typically extends to 161.8% of Wave 1's length, and is usually the longest and strongest wave.

    Detailed Explanation

    In Elliott Wave Theory, Wave 3 is typically the longest and most powerful wave, often extending to 161.8% of Wave 1's length. It can extend to 200%, 261.8%, or even further in very strong trends. Wave 3 represents the point where the trend becomes obvious to the masses, triggering strong momentum. It can never be the shortest of waves 1, 3, and 5.

    Key Points

    • 1Usually 161.8% of Wave 1 length
    • 2Can extend to 200%, 261.8% or more
    • 3Never the shortest impulse wave (rule)
    • 4Strongest momentum and volume
    • 5Often has internal 5-wave structure

    Example

    If Wave 1 rises $10 (from $100 to $110), Wave 3 often rises $16.18 or more, targeting $126.18+ from Wave 2 low.

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