elliot waves

[thestart]

Hi Immy I was reading an answer you gave to Nitin about elliott waves. Could you please tell us what happens if the fifth wave does not have divergance


thank you
Jim

[immy]

Jim

If it does not diverge, its NOT a fifth wave. Remember we do not count waves on price rather on AIMS Waves indicator. So how do we know its Wave 5? Divergence shows its Wave 5.

cheers

[immy]

Jim

If it does not diverge, its NOT a fifth wave. Remember we do not count waves on price rather on AIMS Waves indicator. So how do we know its Wave 5? Divergence shows its Wave 5.

cheers

I'd just like to add here that it may be that we have a truncated 5th wave, but using eWaves or AIMS Wave (the 10sec Elliott Wave Concept) we dont complicate things. When a new impulse wave does not break the high/low of a the previous impulse wave we dont class it as a new count, such shorter waves create those triangle patterns that are typical of 4th waves.