Scribd
Upload
7 views1 page

Diagonal Wave Patterns and Truncations

In contracting diagonals, Wave 5 usually ends slightly beyond the trend line of Waves 1 and 3, while in expanding diagonals, it ends slightly before. If Wave 1 is a leading diagonal or Wave 5 an ending diagonal, Wave 3 is likely to be extended. A truncation occurs when Wave 5 fails to exceed the extreme of Wave 3, known as a 5th wave failure.

Uploaded by

JoJo k
Copyright
© All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
7 views1 page

Diagonal Wave Patterns and Truncations

In contracting diagonals, Wave 5 usually ends slightly beyond the trend line of Waves 1 and 3, while in expanding diagonals, it ends slightly before. If Wave 1 is a leading diagonal or Wave 5 an ending diagonal, Wave 3 is likely to be extended. A truncation occurs when Wave 5 fails to exceed the extreme of Wave 3, known as a 5th wave failure.

Uploaded by

JoJo k
Copyright
© All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd

- In a contracting diagonal, Wave 5 often terminates slightly beyond the

trend line connecting Waves 1 and 3 of the diagonal;

- In an expanding diagonal, Wave 5 often terminates slightly before the


trend line connecting Waves 1 and 3 of the diagonal;

- If Wave 1 is a leading diagonal or Wave 5 is an ending diagonal, then


Wave 3 will most likely be the extended wave.

Truncations and Extensions

Truncation

As we’ve learned from the section on impulse waves, Wave 5 of an impulse


typically takes out the extreme of Wave 3. However, sometimes Wave 5
fails to do so. When this happens, it is referred to as a 5th wave failure or
simply a truncation.

You might also like