medium · Elliott Wave Theory alternation
Consider a diagonal (ending diagonal) versus a standard impulse, both being channeled. An analyst claims that 'throw-over' and 'channel convergence' carry opposite diagnostic meaning in the two structures.
Which statement most accurately captures the correct distinction?
- In an ending diagonal the channel lines CONVERGE and a throw-over of the upper line is a normal terminal feature, whereas in an impulse the lines are roughly PARALLEL and a throw-over signals exhaustion of an extended fifth
- In an ending diagonal the channel lines converge and a throw-over of the upper line actually invalidates the diagonal count, whereas in an impulse a throw-over instead confirms a healthy continuation of the trend.
- In both structures the channel lines converge toward a common apex as the pattern matures, but only in the standard impulse does a throw-over above the upper boundary mark the true terminal point of the entire five-wave move.
- In an ending diagonal the boundary lines are roughly parallel to one another and a throw-under of the lower line is required for completion, whereas in an impulse the boundary lines instead converge steadily toward the peak of wave 5.
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