medium · Elliott Wave Theory motive
An analyst labels a five-wave advance as an impulse where wave 1 is extended, wave 3 is the longest visually, and wave 5 is short.
To confirm this is an impulse and not an ending diagonal, which observation is the decisive discriminator?
- Wave 3 being visibly the longest of the five waves by itself proves an impulse count, since diagonals never allow wave 3 to be the longest leg present
- The action waves (1, 3, 5) subdivide as five-wave motive structures and wave 4 does not overlap wave 1, neither of which a contracting ending diagonal satisfies
- Wave 5 being noticeably short is typical of many textbook impulses, though a short final wave never by itself rules out a converging ending diagonal count
- Wave 2 retraces more than 61.8% of wave 1, a depth that only impulses permit, since ending diagonals strictly forbid such a deep, sharp second-wave retracement pullback
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