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<p id="isPasted">The Neo Wave Theory is an extension of the Elliott Wave Theory aimed at correcting the contradictions created by the latter theory. It comprises different rules defining simple impulse patterns of the stock market waves. Some key rules are as follows: </p><ul><li>Wave 2 can never retrace more than 61.8% of Wave 1.</li><li>Wave 4 must never enter the territory of Wave 2.</li><li>One of the directional waves must always subdivide.</li><li>Wave 3 can never be the shortest of directional Waves 1,3 and 5.</li><li>There must always be one extended wave that will be 1.618% of the non-extended wave. In case …</li></ul>
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