Elliott Wave Glossary Extension
The tendency for one of the three impulse waves (1, 3, or 5) to become significantly larger than the other two.
Guidelines
Elliott Wave Glossary Elliott Wave Glossary Equality of Waves
The tendency for two of the three actionary waves (1, 3, 5) in an impulse to be equal in price change and duration.
Elliott Wave Glossary Alternation
The tendency for corrective sub-waves within the same wave to take different forms. Most clearly observed between waves 2 and 4 in an impulse, and between the A and B waves in a flat.
Elliott Wave Glossary Channeling
The tendency for impulse waves to be contained between two parallel trendlines (a channel).
Elliott Wave Glossary Throw-over
A phenomenon where wave 5 of an impulse briefly exceeds the upper channel line before reversing sharply.
Elliott Wave Glossary Volume
Volume tends to decline during corrections. Below Primary degree, wave 5 volume is generally lower than wave 3. Volume can help distinguish wave types.
Elliott Wave Glossary Wave Personality
Each wave (1–5 and A–E) has a characteristic personality rooted in crowd psychology. Most applicable at Primary degree and above.