medium · Elliott Wave Theory alternation
In an unfolding bull impulse, Wave 2 was a deep 78.6% Zigzag. Wave 3 was an extension. Wave 4 has now formed an Ascending Triangle.
Which Elliott Wave principle is best demonstrated by this sequence?
- The Fractal Nature of Waves, where the triangle itself contains a smaller five-wave impulse nested inside.
- The Cardinal Rule of Overlap, since triangles are the only pattern able to stop Wave 4 from overlapping Wave 1's zone.
- The Guideline of Equality, which holds all corrective waves must share identical time spans, whatever pattern forms.
- Alternation; the two corrections differ in pattern (Zigzag vs Triangle), depth (Deep vs Shallow), and character.
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