GLOSSARY
Alternation
(guideline of)  If wave two is a sharp correction,
wave four will usually be a sideways correction, and vice
versa.
Apex  Intersection
of the two boundary lines of a contracting triangle.
Corrective
wave  A three wave pattern, or combination of three
wave patterns, that moves in the opposite direction of
the trend of one larger degree.
Diagonal
Triangle (Ending)  A wedge shaped pattern containing
overlap that occurs only in fifth or C waves. Subdivides
33333.
Diagonal
Triangle (Leading)  A wedge shaped pattern
containing overlap that occurs only in first or A waves.
Subdivides 53535.
Double
Three  Combination of two simple sideways corrective
patterns labeled W and Y, separated by a corrective wave
labeled X.
Double
Zigzag  Combination of two zigzags labeled W and Y, separated by a
corrective wave labeled X.
Equality
(guideline of)  In a fivewave sequence, when wave
three is the longest, waves five and one tend to be equal
in price length.
Expanded
Flat  Flat correction in which wave B enters new
price territory relative to the preceding impulse wave.
Failure
 See Truncated Fifth.
Flat  Sideways
correction labeled ABC. Subdivides 335.
Impulse
Wave  A fivewave pattern that subdivides 53535
and contains no overlap.
Irregular
Flat  See Expanded Flat.
Motive
Wave  A fivewave pattern that makes progress, i.e.,
any impulse or diagonal triangle.
Onetwo,
onetwo  The initial development in a five wave
pattern, just prior to acceleration at the center of wave
three.
Overlap
 The entrance by wave four into the price territory
of wave one. Not permitted in impulse waves.
Previous
Fourth Wave  The fourth wave within the preceding
impulse wave of the same degree. Corrective patterns
typically terminate in this area.
Sharp
Correction  Any corrective pattern that does not
contain a price extreme meeting or exceeding that of the
ending level of the prior impulse wave; alternates with
sideways correction.
Sideways
Correction  Any corrective pattern that contains a
price extreme meeting or exceeding that of the prior
impulse wave; alternates with sharp correction.
Third
of a Third  Powerful middle section within an
impulse wave.
Thrust
 Impulsive wave following completion of a triangle.
Triangle
(contracting, ascending or descending)  Corrective
pattern, subdividing 33333 and labeled abcde.
Occurs as a fourth, B or Y wave. Trendlines converge as
pattern progresses.
Triangle
(expanding)  Same as other triangles but trendlines
diverge as pattern progresses.
Triple
Three  Combination of three simple sideways
corrective patterns labeled W, Y and Z, each separated by
a corrective wave labeled X.
Triple
Zigzag  Combination of three zigzags, labeled W, Y
and Z, each separated by a corrective wave labeled X.
Truncated
Fifth  The fifth wave in an impulsive pattern that
fails to exceed the price extreme of the third wave.
Zigzag
 Sharp correction, labeled ABC. Subdivides 535.
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