ELLIOTT WAVE MASTERY COURSE | MODULE 1: FOUNDATIONS | DAY 5 WAVE PERSONALITIES: Each Wave Tells Its Own Story Each wave has a recognizable personality driven by crowd emotion. Reading personality helps you identify which wave you are in. THE MOTIVE PERSONALITIES: WAVE 1 - The Quiet Start Hard to spot. Sentiment still bearish, news negative. Only early buyers step in. Most traders miss it entirely. WAVE 2 - The Doubt Sharp pullback. Fear returns, many think the old trend resumes. Often retraces most of Wave 1 on low volume. WAVE 3 - The Powerhouse Strongest, broadest wave. News turns positive, volume surges, breakouts everywhere. The wave you want to trade. WAVE 4 - The Frustration Sideways, choppy, complex correction. Tests patience. Lower volume. Often alternates in form with Wave 2. WAVE 5 - The Euphoria Final push. Retail piles in at the top. Weaker than Wave 3, often shows momentum divergence. THE CORRECTIVE PERSONALITIES: WAVE A - The Denial First drop after the top. Most see it as just another dip and keep buying. The trend has quietly turned. WAVE B - The Trap A bounce that fools the crowd into thinking the uptrend resumed. Low volume, weak structure. The classic bull trap. WAVE C - The Capitulation Strong, broad decline. Panic and selling. Sentiment flips fully bearish. Often as powerful as Wave 3 was up. HOW TO USE PERSONALITY: If a move is strong, broad, and trending hard, you are likely in Wave 3 or C. If it is choppy and frustrating, you are likely in Wave 2 or 4. Personality confirms your count. DAY 5 KEY TAKEAWAYS: 🔹 Each wave has a distinct personality 🔹 Wave 3 is strongest and broadest 🔹 Wave B is the classic bull trap 🔹 Personality confirms your count Next: Day 6 | Module 1 Review #ElliottWave #EWT #TechnicalAnalysis