Ichimoku Kinko Hyo is a Japanese trend based system. It is a system that has everything within it! If you are a WD Gann, Elliott Wave, and/or Fibonacci trader, come and see how they are all BUILD within Ichimoku. You don’t have to draw anything, the Ichimoku indicators have these values within them. Watch the complete video on ichimoku at www.ichimokutrade.com twitter @ ichimokutrading
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Elliot used the word failure to describe a situation in which the fifth wave does not move beyond the end of the third. Frost/Prechter preffered the term truncation.
Truncation often occurs following a particularly strong third wave.