Basic Elliott Wave Analysis
As a rule, leading and ending diagonal triangles always subdivide into five
waves where leading diagonal triangles unfold in a 3‐3‐3‐3‐3 or 5‐3‐5‐3‐5 pattern
and ending diagonal triangles as a 3‐3‐3‐3‐3 pattern. See Figure 18.5.
It should be noted that both leading and ending diagonal triangles may occa-
sionally be of the expanding type, instead of the regular contracting or converging
diagonal triangle. See Figure 18.6.figure 18.4 Leading and Ending Diagonal Triangles.figure 18.5 Subdivisions within Leading and Ending Diagonal Triangles.