Although there is no minimum time constraint for Wave 3, its absolute maximum time limit is 7 times Wave 1.Wave 3 cannot be more than 7 times Wave 1 by price.Wave 3 cannot be less than 1/3 of Wave 1 by price.(A Failure is an impulsive Wave where Wave 5 is shorter than Wave 4 by price.) Wave 3 and Wave 1 cannot both have 5th Wave failures.Wave 2 must also be greater than 61.8% of the gross movement of each of the above 4 sub-Waves. The gross price movement of Wave 2 must also be greater than either Wave 2 of Wave 3 or Wave 4 of Wave 3.
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