Glossary of Elliott Wave Terms
alternation (guideline) In an impulse wave, if wave two is a sharp correction, wave four will usually be a sideways correction, and vice versa.
apex Intersection of the two boundary lines of a contracting triangle or contracting diagonal.
barrier triangle A triangle pattern where the B-D trendline is horizontal and the A-C trendline points in the direction of the main trend at next higher degree.
channeling (guideline) Impulse waves, zigzags, and multiple zigzag patterns will often travel within a trend channel, whose boundaries are defined by parallel upper and lower price trendlines.
combination A sideways pattern ...
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