Elliott Wave 3 Observations
Elliott Wave (3) is usually the strongest wave.
Elliott Wave rule no:2 stated that Wave (3) cannot be the shortest wave in a complete 5 wave sequence. In practice, Wave (3) is usually the strongest and longest wave. As wave (3) is usually the longest and strongest wave it normally carries the largest profit potential.
Wave (3) very often is the extended wave, where this swing trades beyond what is considered normal in a completed 5-wave sequence. Again this makes this an ideal wave to trade, because of its large profit potential.