Elliott Wave 3 Theory
Elliott Wave (3) is usually the strongest and longest wave.
Elliott Wave (3) is usually the largest and most powerful wave in a trend. The news is now positive and fundamental analysts start to raise earnings estimates. Prices rise quickly, corrections are short-lived and shallow. Anyone looking to get in on a pullback will likely miss the boat. Trading the Wave (3) is usually the most profitable.
As such, Elliott Wave (3) is usually the longest and strongest in a completed 5 wave sequence.