One of Neely's most advanced contributions is the concept that waves can act differently based on their context. He introduced specific terms for complex patterns that most traders miss:
In classical Elliott, alternation applies to corrective wave patterns (e.g., if wave 2 is sharp, wave 4 is flat). Neely extends alternation to : if wave 2 took 5 days, wave 4 should take a significantly different time (e.g., 2 days or 13 days). mastering elliott wave by glenn neelypdf top
Must have an extension (one wave significantly longer than others). Corrections: Includes Flats, Zigzags, and Triangles. Introduction One of Neely's most advanced contributions is
Keep your chart square (1 inch of price = 1 inch of time) for accurate angle analysis. 📈 Step 2: Mastering Monowaves Identify the correct wave degree