ANSWER:

Mastering Elliott Wave was written 30 years ago, when I had only 7 years experience analyzing and trading markets – I’ve gained a lot of knowledge since. Below are Rules for X-waves that you can depend on and which override anything written in my book (if there is contradiction).

1. You NEVER want an X-wave to take more time than the prior A-B-C, regardless of whether it is larger or smaller in price.

2. You NEVER want an X-wave to contain more monowaves than the prior A-B-C

3. You NEVER want an X-wave to be more than 161.8% of the prior A-B-C in price

If what you think is an X-wave does not adhere to the above rules, forget the X-wave idea and look for another Wave labeling solution.