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.
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
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