Impulses
A classic impulse contains five waves in the direction of the larger trend. Students often study whether wave two respects the origin of wave one, whether wave three avoids being the shortest motive wave, and whether wave four avoids overlapping wave one in a standard impulse.
Corrections
Corrective structures often unfold in three-wave patterns. They can be simple, complex, sharp, or sideways. The educational value is not in forcing a perfect label. It is in understanding where the market may be correcting, consolidating, or preparing for continuation.
Fibonacci zones
Fibonacci retracements and extensions are often used with Elliott Wave to identify zones of interest. They are not certainty zones. They become more useful when they align with structure, liquidity, invalidation, and broader market context.
Scenario discipline
Strong analysis usually keeps a primary scenario, an alternative scenario, and a clear invalidation level. This prevents the analyst from defending a count after the market has already rejected it.
Eidara Wave Lab uses Elliott Wave as education for structure and scenarios, not as a prediction engine or signal service.