Wave Theory Basics | 波浪理论基础

Elliott Wave Theory identifies recurring market patterns driven by investor psychology. A complete cycle consists of 8 waves: 5 impulse waves in the trend direction (1-2-3-4-5) and 3 corrective waves against it (A-B-C). Waves subdivide into smaller-degree waves on lower timeframes. 艾略特波浪理论识别由投资者心理驱动的重复市场模式。完整周期由8浪组成：5个推动浪和3个调整浪。

Impulse Wave Rules | 推动浪规则

Three unbreakable rules: (1) Wave 2 cannot retrace more than 100% of Wave 1. (2) Wave 3 is never the shortest impulse wave. (3) Wave 4 cannot overlap Wave 1 in price territory. Wave 3 is typically the longest and most powerful. Extensions often occur in Wave 3 or Wave 5. 三个不可打破的规则：浪2不能回撤超过浪1的100%。浪3不是最短的推动浪。浪4不能与浪1价格重叠。

Corrective Patterns | 调整浪模式

Zigzag (5-3-5): sharp counter-trend movement. Flat (3-3-5): sideways correction. Triangle (3-3-3-3-3): converging or diverging. Double/Triple Threes: complex sideways corrections. Understanding the corrective structure helps anticipate when the trend will resume. 锯齿形（5-3-5）：尖锐的反趋势运动。平台形（3-3-5）：横向调整。三角形（3-3-3-3-3）：收敛或发散。

Fractal Nature and Degree | 分形性质与级别

Waves are fractal: each wave contains smaller-degree waves of the same pattern. Degree naming: Grand Supercycle > Supercycle > Cycle > Primary > Intermediate > Minor > Minute > Minuette > Subminuette. Higher-degree waves determine the dominant trend context. 波浪具有分形性质：每一浪包含相同模式的更小级别波浪。较高级别波浪决定主导趋势背景。

Practical Application | 实操应用

Identify the current completed wave degree. For bullish setup: wait for Wave 2 retracement (38-61.8%), enter at bottom of Wave 2 with stop below its start, target Wave 3 extension (161.8% of Wave 1). Combine with Fibonacci and RSI divergence for confirmation. 确定当前完成的波浪级别。对于看涨设置：等待浪2回撤，在浪2底部入场，目标浪3扩展。