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Neo Wave Research

Overview​

Neo Wave is an advanced form of Elliott Wave analysis developed by Glenn Neely, which adds strict structural rules to improve objectivity and accuracy.

Core Rules​

Impulse Wave Conditions​

  1. Wave 2 never retraces more than 100% of Wave 1
  2. Wave 3 is never the shortest among waves 1, 3, and 5
  3. Wave 4 does not overlap Wave 1's price territory (except in diagonal triangles)

Corrective Patterns​

  • Zigzag (5-3-5) — Sharp correction against the trend
  • Flat (3-3-5) — Sideways correction, common in strong trends
  • Triangle (3-3-3-3-3) — Contracting or expanding before terminal move
  • Complex Corrections — Double/Triple combinations

Application to NSE​

Instruments​

  • NIFTY 50 weekly and monthly charts
  • Sector indices (NIFTY BANK, IT, Auto)

Time Horizon​

  • Positional (monthly charts): Multi-year counts
  • Swing (weekly charts): Multi-month counts

Research Notes​

Placeholder: Add your Neo Wave analysis charts and counts here.

Current Wave Count (Placeholder)​

NIFTY 50 Monthly:
- Primary Wave: [Placeholder]
- Current sub-wave: [Placeholder]
- Invalidation level: [Placeholder]
- Target: [Placeholder]

Reference Materials​

  • Glenn Neely: Mastering Elliott Wave
  • NSE historical data (2000–present) from TradeEntry database

Update with current wave counts and analysis.