Neely Elliott Wave Online

| Feature | Classic Elliott Wave | Neely Elliott Wave | | :--- | :--- | :--- | | | Interpretive, conceptual | Mechanical, rule-based | | Patterns | ~13 basic patterns | 40+ strict patterns (e.g., "Failure Flat," "Neutral Triangle") | | Rules | Flexible guidelines | Absolute, unbreakable rules | | Validation | Subjective "looks like" | Objective pattern recognition; pattern is either valid or invalid | | Trading | General trend expectation | Specific entry, stop-loss, and target levels | | Time Frames | Works on any, but often ambiguous | Most effective on daily & weekly charts (Neely’s recommendation) |

: Neely's approach incorporates ratio analysis to measure the relationships between different waves. This involves calculating specific ratios of wave lengths and amplitudes to identify patterns and predict future price movements. neely elliott wave

Glenn Neely realized that for Wave Theory to be consistent, it required a foundation based on physics, geometry, and strict logic rather than loosely interpreted rules. | Feature | Classic Elliott Wave | Neely