How high is high: Elliott wave landmarks

The central diagnostic problem

Identifying the lowest low and the highest high is presented as the central diagnostic problem. Even a visually obvious W3 low is still treated as uncertain without tools and money-management rules.

Low-risk setups are framed as a three-part process: diagnosing the extreme, distinguishing trend recognition from entry timing, and placing small stops near the identified low.

Visualize swings, then map territories

Territorial-distribution maps the chart as rectangles whose height is price and whose length is time, after swings have already been visualized.

Editorial: TradersWeek treats that mapping as the first step of systematized-visualization, a repeatable left-to-right scan of swing slope, size, composition, and wave labels instead of unstructured chart gazing. The rectangles make context visible before a trade hypothesis.

Elliott structures for directional swings

The 2017 case study treats impulsive W3 and C waves, and to a lesser degree W1, W5, and A waves, as the primary Elliott structures for studying directional swings.

In the terms used here, a w3-wave is the typically strongest impulsive Elliott wave treated as a high-priority directional opportunity. A c-wave is a corrective-pattern wave that can still travel impulsively and is treated as another primary directional opportunity.

Fibonacci troughs as landmarks

A steep three-swing down move is followed by a five-swing advance that is more than twice as long, with internal retracements approaching the 100% landmark.

Three labeled troughs are tied to classic Fibonacci retracements: 50% for W(2) of W(1), 61.8% for w2 of w1 inside W(3), and 38.2% for w4 of w3 inside W(3).

Weight-of-evidence at a turn

Weight-of-evidence confirms prior-swing termination and new-swing inception through confluence, candlestick reversals, volume bursts, or a trend-line break with opposite-side penetration. It is a cluster of independent chart confirmations that a prior swing has ended and a new swing is starting.

Editorial: a median-line frame after the landmarks

Editorial: after the wave and ratio landmarks are marked, TradersWeek uses a median-line, a central pitchfork or median-line axis, to frame those swing extremes. An end-run then searches nearby support and resistance levels that may continue, reverse, halt, or flatten price. The aim is a falsifiable high or low, not a perfect extreme.