medium · Elliott Wave Theory motive
In an ending diagonal forming as a fifth wave, an analyst notes that wave 4 overlaps wave 1 and concludes the structure is therefore not a motive wave at all.
Why is this conclusion mistaken under orthodox Elliott Wave theory?
- Diagonals are a recognized class of motive wave in which wave-4/wave-1 overlap is REQUIRED-or-expected, so overlap confirms rather than refutes the diagonal's motive status.
- Diagonals are corrective patterns built from overlapping zigzags, so the analyst is correct that any overlap disqualifies this structure from being called a motive wave.
- Overlap is irrelevant here because ending diagonals are defined solely by wave 3 being the shortest of the five waves, not by any overlap condition between waves 1 and 4 at all.
- The conclusion is mistaken only if the diagonal were a leading diagonal at wave one or wave A; in a genuine ending diagonal, overlap between waves 1 and 4 is strictly prohibited by rule.
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