All are Fibonacci numbers and the entire series is employed. The length of waves may vary but not the number".

According to Elliott, the wave structure is including all activities of man. A.J. Frost and R.R. Prechtergo even further by claiming that the wave structure and its mathematical expression, the Fibonacci series, is a basic principle of the world as a whole.

The great variety of different interpretations of one wave and its meaning for the overall stmcture makes it rather impossible to computerize Elliott Wave without deleting some essential parts. Glenn Neelv tried to form a system which follows Elliott and works with full computer support, but he is often criticized for oversimplifying in order to computerize.

 

 

 

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