medium · Elliott Wave Theory motive
An analyst is comparing two converging wedges. Pattern A appears at the start of a trend and has 5-3-5-3-5 internal legs. Pattern B appears at the end of a trend and has 3-3-3-3-3 internal legs.
Which characteristic is SHARED by both patterns?
- The final Wave 5 must significantly 'overthrow' the boundary line.
- The pattern is immediately followed by a thrust in the trend direction.
- The internal motive waves are always three-wave sequences.
- Wave 4 must overlap the price territory of Wave 1.
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