Diametric Pattern

Diametric Pattern

In Mastering Elliott Wave (MEW) , Glenn Neely cover general TIME relationships as they apply to impulsions and Below is a description of how TIME behaves Diametrics.

DIAMETRICS (7 segment patterns)

1. These patterns began to appear in the early 90's as the market's way to adjust to the increasing popularity of wave theory (too many people were looking for the same things, so the market created new ways of behaving).
2. They were the first patterns I witnessed where most wave segments took about the same amount of time, with one or two of the waves consuming a little more (or little less) time than the others.
3. While most waves consume a similar amount of time, they do NOT consume a similar amount of price. A Diametric will possess an obvious expansionary or contractionary bias during the first four waves of the pattern; that bias will reverse during the second half of the formation. 

source: neowave.com

BEL

• BEL - The move from start of 2012 till june 2012 may not be considered as last leg of the entire correction, as the prior wave before 2012 is not strong enough to be wave B.
• The move from start of 2012 to date may be wave (b) of B.
• The next move needs to be a strong impulsive , 5.66 ~ 6.5. to validate wave (b) of B.

LC - going impulsive

LC - 

alternation of two corrective waves (3)(3), where the 2nd corrective wave (3) is more complex and time consuming. The first impulse (5) is the sharpest, followed by the next impulse (5)with the same amount of acceleration. next impulse (current wave) may be slower in terms of acceleration. 5th wave extension? maybe...maybe not.

related chart - lc-on-corrective-phase (21june2012)