5 wave move in Elliott Wave Theory

In this video we take a look at 5 wave structure. We take a look at rules to label a move as an impulse and also highlight the fact that wave 1, 3 and 5 of an impulse need to further sub-divide in 5 waves and wave 5 should provide divergence in RSI with respect to wave 3 high/low. We also show you how to look at RSI channels in an impulsive Elliott wave structure.