Spread fate to those who are fated!

Today I’m going to brag a little about the wave of "E li ọt"
Please bear with me, as I don’t want to write out the full name out of respect for the author of this method, because what I write below will be different, even negating some of the author’s points.
Okay, let’s begin.
You can forget all the knowledge you’ve learned about "E li ọt" and just remember these 2 sentences (that’ll save you so much time and money, bros).
First, In every timeframe, between two upward waves, there will always be at least one downward wave.
Second, The next upward wave will end and transition into a decline or correction if and only if the transitional downward wave intrudes into the range of the previous upward wave.
In short, it comes down to 2 ups and 1 down. Or more simply, Up-Down-Up. So all you need is to find the downward wave and prove that it does not violate rule number 2, then you will definitely catch the next upward wave from the origin of that downward wave.
For Down-Up-Down, do the same.