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Saturday, October 30, 2010

Elliot Wave Theory (continued)

Impulse waves

A variation known as an "extension" can be seen in parts of one impulse waves. Extension is a movement that exceed or longer movements and it is completely out of scale when compared with other impulse wave (in each Wave 1, wave 3 or wave 5). Most Extension occurs in wave 3. Extension may also occur in Extending wave itself.



Another variation in the impulse wave is a diagonal triangle, a pattern or shape that wedged by two covergence lines. This Shape/pattern occurs in wave 5. Usually after wave 3 is works and then proceed with further movement in the short term. Usually subwave wedged in a sub part of the "threes" instead of "Fives". Pass each other between a series of wave 1 and wave 4 often occur, although not compulsory. This is known as an exception in Elliot rule , stating that "wave 4 does not exceed/pass high of wave 1". For example see picture 9.

Diagonal triangles also found  in the position of wave C during the "lettered phase" or phase of the wave that marked with the letter or called "corrective waves", which is also found wedged in the position of wave 5, this formation indicates the end of the movement at a higher level.

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