medium · Elliott Wave Theory motive
When analyzing an Ending Diagonal, what is the 'Slope Comparison' requirement for confirming the pattern?
- All impulse legs must share identical slopes so the channel stays perfectly parallel.
- The angle of each successive impulse sub-wave must flatten ( θ_1 > θ_3 > θ_5 ).
- The slope must steepen with each leg for a blow-off top (θ_1 < θ_3 < θ_5).
- The corrective waves, 2 and 4, must have noticeably steeper slopes than the adjoining impulse waves.
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