Elliott Hard Rules

Elliott Hard Rules is the gate of the wave framework: it validates the six most recent swing points as a candidate five-wave count against the three constraints every impulse must satisfy — and, more usefully, draws the exact price where each would break. The Elliott hard rules are binary by design: wave 2 holding the wave-1 origin, wave 3 never the shortest, wave 4 staying clear of wave-1 territory. A breach makes the labeling wrong rather than weak, and the build latches it the moment price prints there, even intrabar.

How to Trade the Elliott Hard Rules?

• VALID IMPULSE verdict: the tracked candidate currently satisfies all three rules; the validation itself is alertable.
• Invalidation levels as stops: R1 (the wave-1 origin) is the structural stop for wave-2 and wave-3 positions, R3 (the wave-1 extreme) for wave-4 positions.
• R2 cap: while wave 3 measures shorter than wave 1, wave 5 wears a hard cap at the wave-3 length; the cap line exists only while that condition is live.
• Solid line = broken rule: a dashed level turning solid is the record of a breach — the instruction to relabel rather than rationalize.

Alerts fire per rule, on any rule break, and when a candidate first passes all three.

Elliott Hard Rules Settings

• Pivot Length (default 10): swing confirmation width anchoring the count.
• Count Selection (default Auto): Auto re-anchors on every new swing; Bullish or Bearish locks onto counts ending on a high or a low.
• Diagonal Count (tolerate W1-W4 overlap) (default disabled): reports wave-4 overlap as tolerated instead of a failure; rules 1 and 2 still apply in full.
• Invalidation Levels (default enabled): the R1, R2 cap and R3 lines with their prices.
• Display toggles: Candidate Wave Structure and Wave Numbers default on; Show Dashboard defaults on with Position and Size options.

Frequently Asked Questions

Should I run this build or the guidelines scorecard?

Ideally both, in sequence. This build answers whether a labeling is allowed to exist and prices its falsification, while the Elliott Guidelines scorecard ranks the counts that survive.

What does the diagonal toggle actually change?

Only rule 3's consequence. Diagonals are the one structure permitted to overlap, so with it on, wave-4 overlap into wave-1 territory reads OVERLAP OK instead of failing the count. The other two rules are never relaxed.

Why did the tracked count suddenly change?

In Auto mode the candidate re-anchors whenever a new swing confirms, so the whole labeling can shift forward at once. Lock Count Selection to Bullish or Bearish to keep one count under watch while its final wave develops.