vikas and linkon. as you given the chart the 3rd wave is very small than 1st wave. but as i have seen in the elliotwave websites they mentioned the 3rd wave is bigger than any wave. please go thru the studies and give me your opinions.
Elliot literature says 3rd wave is
not the shortest wave.
This does not mean 3rd wave will be the longest wave. E.g., 3rd wave is bigger than 1st wave, but 5th turns out to be bigger than 3rd. So, 3rd wave is not the largets and it satisfies that 3rd wave can not be the shortest. elliot 3rd wave tenet is not violated for impulse waves.
Please point out if I understood wrongly.
regards,
vin