Truncated 5th usually happens when 3ed is over extended,not here
In our favored count 1st is extended not 3ed = Probably no truncation for 5th!!!
-If Wave 5 is truncated, or contains an Impulse that is truncated, then neither Wave 3 nor Wave 4 can contain a subwave that is truncated. (A truncated pattern is where Wave 5 is shorter than Wave 4. This is also known as a failure.)
-Requirements
Given that we already experienced upward 5-wave move – and if
That last 5th wave was shorter than where the 3rd wave extended into
Followed by a strong move in the opposite direction
…then, that experienced is likely a truncated 5th wav
-Sometimes a fifth wave could be weak and end without reaching the end of the third wave. A situation like this calls a 'truncation', which we could face at the fifth wave of an impulse or ending diagonal. It's pretty rare if even possible to have a truncation in a position of the fifth wave of a leading diagonal. Usually, a truncation happens after a really strong third wave !!!!!!!!!!!!!!!!!!
-How to recognize truncation
It’s quite challenging to recognize a truncation in the real-time wave counting, so there’re some tips:
-In most cases a truncation forms in impulses with huge third waves, so if we come to the conclusion that if there's such a case, we should watch out for a possibility to have a failure in the fifth wave.
At the same time, there's always a choice if we have a five-wave price movement from the ending point for the fourth wave, but the market doesn't move beyond the end of the third wave. In a situation like this the five-wave price movement could be wave one of the fifth wave or the fifth wave itself. The key point here is what happens after this five-wave price movement after the fourth wave. If we have a local three-wave correction, then it's likely that the fifth wave is going to be continued. However, if a five-wave price movement forms instead, we should be aware to face a truncation in the fifth
-Truncated fifth waves are among the trickiest patterns in the catalogue of the Elliott Wave Principle. The worst about them is that you can not predict a truncation. You can only guess, but the fact that a truncation may occur once in a hundred times makes guessing pointless. !!!!!!!!!!!!
-If Wave 5 is truncated, or contains an Impulse that is truncated, then neither Wave 3 nor Wave 4 can contain a subwave that is truncated. (A truncated pattern is where Wave 5 is shorter than Wave 4. This is also known as a failure.)
-Requirements
Given that we already experienced upward 5-wave move – and if
That last 5th wave was shorter than where the 3rd wave extended into
Followed by a strong move in the opposite direction
…then, that experienced is likely a truncated 5th wav
-Sometimes a fifth wave could be weak and end without reaching the end of the third wave. A situation like this calls a 'truncation', which we could face at the fifth wave of an impulse or ending diagonal. It's pretty rare if even possible to have a truncation in a position of the fifth wave of a leading diagonal. Usually, a truncation happens after a really strong third wave !!!!!!!!!!!!!!!!!!
-How to recognize truncation
It’s quite challenging to recognize a truncation in the real-time wave counting, so there’re some tips:
-In most cases a truncation forms in impulses with huge third waves, so if we come to the conclusion that if there's such a case, we should watch out for a possibility to have a failure in the fifth wave.
At the same time, there's always a choice if we have a five-wave price movement from the ending point for the fourth wave, but the market doesn't move beyond the end of the third wave. In a situation like this the five-wave price movement could be wave one of the fifth wave or the fifth wave itself. The key point here is what happens after this five-wave price movement after the fourth wave. If we have a local three-wave correction, then it's likely that the fifth wave is going to be continued. However, if a five-wave price movement forms instead, we should be aware to face a truncation in the fifth
-Truncated fifth waves are among the trickiest patterns in the catalogue of the Elliott Wave Principle. The worst about them is that you can not predict a truncation. You can only guess, but the fact that a truncation may occur once in a hundred times makes guessing pointless. !!!!!!!!!!!!
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****** Past performance is no guarantee of future results***
twitter.com/samitrading1
****** Past performance is no guarantee of future results***
twitter.com/samitrading1
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