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Neely developed a software program (now legacy/commercial) that automates the strict counting rules. While Neely himself warns against blind automation, the EWA serves as the technical link between his logic and your charting platform (TradingView, MotiveWave, etc.).
Warning: The internet is flooded with counterfeit PDFs and bootleg copies of Mastering Elliott Wave . These are often scanned copies of the 1990 edition, missing the color charts and subsequent updates. Using a bootleg copy will lead to confusion because Neely has refined his rules over 30+ years. mastering elliott wave glenn neely link
Neely’s approach introduces unique concepts designed to establish strict, unshakeable baselines before an analyst ever labels a chart with standard numbers ( ) or letters ( 1. Monowaves: The Atom of Chart Analysis
: For active traders, Neely offers the Advanced Wave Analysis Course , which applies these concepts to real-time charts . AI responses may include mistakes
: Neely introduced the concept of "monowaves" and "polywaves," requiring that waves be of similar complexity to be grouped together .
Neely argued that traditional teaching focuses on recognition (identifying what already happened) rather than anticipation (predicting what must happen next). He famously stated that if your wave count does not tell you exactly where to enter, stop, and target before the move happens, it is useless. While Neely himself warns against blind automation, the
This additional "mathematical" rigor results in several significant advantages: