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FAILED FIFTHS

You can safely wipe these off your list... They were actually a mutant of the misjudgment of the also void extended wave structure that R.N. Elliott felt was required to explain the (real) three-wave structure of the waves in a five-wave structure. I have never noticed any occasion where a failed fifth occurred.


The image above explains how I feel R.N. Elliott misjudged both extended waves and failed fifths. The black wave count provides the count in a double extension with the final Wave {5} failing. The blue wave count shows the harmonic wave count. What is the key between the two? The wave relationships which tend to be variable and unpredictable in Elliott's impulsive structure but which will hold Fibonacci and harmonic ratios in the Harmonic Elliott Wave structure. An example is shown in the Fibo & Harmonics page:
 
 


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