Technical_Analysis_page_512

Technical | Analysis page 512 | https://thedailydialectics.com/pdfs/economics/Technical_Analysis/Technical_Analysis.pdf

Chapter 20 Elliott, Fibonacci, and Gann 483 Truncation Occasionally, the fifth wave fails to exceed the end of the third wave. This phenomenon is shown in Figure 20.3. Elliott referred to this as a “failure.” Nevertheless, a truncated fifth wave will still have five subwaves. FIGURE 20.3 Truncated…