medium · Elliott Wave Theory
What geometric characteristic distinguishes a diagonal triangle from a standard impulse wave?
- Diagonals allow Wave 2 to retrace more than 100% of Wave 1.
- Impulses require a 3-3-3-3-3 sub-wave structure.
- Impulses must always have Wave 3 as the longest wave, while diagonals do not.
- Diagonals form a converging wedge shape while impulses generally maintain non-converging trendlines.
Sign up free to see the explanation and track your rank →
More Elliott Wave Theory practice
- In a five-wave advance, Wave 1 is 10 points long, Wave 3 is… — How should this count be co
- A commodity price moves from $80 to $96, pullbacks to $88, t… — If an analyst identifies t
- Which is more likely?
- According to the Swing Count Validation technique, what should the trader conclude?
- Based on common Fibonacci relationships, how far might Wave C drop from the end of Wave B?
- An analyst sees a 'Close-Below-Prior-Swing Test' fire when p… — What does this likely sign
- According to the 'Fourth-Wave Target Zone' guideline, where is a correction most likely to
- According to the Guideline of Alternation, what should you expect for Wave 4?