Quote from: josegines on October 31, 2019, 12:11:55 AM

Sorry but I am more confused with your labeling, how can the ABC correction be larger than the previous impulse?
https://i.imgur.com/qa4EMSD.png

The 1-2-3-4-5 labeling is of smaller degree. The A-B-C is labeling is part of a lager degree.
Therefore, the A-B-C corrects a larger 1-2-3-4-5 not seen on the limited chart.

Quote from: josegines on October 31, 2019, 12:29:33 AM

another much more complete page (Spanish) on truncated failed fifth waves:
https://felixmayoral.org/2016/04/16/las-ondas-de-elliott-4/
https://i.imgur.com/tnqJmvS.png
https://i.imgur.com/9yroS3p.png

In the aforementioned Spanish website, the following is said in regards to a truncated fifth wave failure...

After the failure has occurred, the price should go back the entire movement of the previous impulse pattern, that is, it should return to the origin of the pattern.

If we are facing a failure pattern, the market should probably go back to the origin of wave 1.

Note the bold typefaced words. Exact science, is not exact science.

When a fifth wave failure occurs, it is a sign of weakness forewarning of a deeper than usual retrace in the opposite direction. On smaller degree waves this could more likely retrace the entire prior impulse, but perhaps less likely to do so on larger degree waves.