57441316 neely glenn neowaves

8/10/2019 57441316 Neely Glenn Neowaves

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NEO-WAVES

From www.TTHQ.com

For a long time, many of you have asked me to release material on NEoWave patterndiscoveries, such as NEoWave Diametrics, Neutral Triangles, Neutral Terminals and the like.With the markets slowing down lately, and work on our major wesite upgrade nearingcompletion, !"ve had a little time to hunt through our archives for information from pastseminars.

#ttached is material used in my $%%& NEoWave Workshop held at the 'it()*arlton in #spen,*olorado that covers many NEoWave pattern discoveries up to that time. ! think you will findthis material very informative and instructive.

+incerely,lenn NeelyNEoWave, !nc.

NEoWave Pattern Discoveries

- Diametric Formations- Neutral Triangles wave)c longest/- E0tracting Triangles- 1rd E0tension Terminals- &th Failure Terminals

Diametric Formations

! e0perienced my first Diametric formation in $%%$. What started out looking like a*ontracting Triangle, stopped ehaving like one when wave)e ecame larger than wave)d. !fwave)e had moved 2uickly enough and far enough, ! could have concluded the pattern as a3ig(ag from the low in $%%$. 4ut, the prolem is that wave)e did not move 2uickly enoughout of the congestion to indicate anything critical had concluded.

That is when ! started to reali(e that a new wave phenomenon was unfolding. !t was simply aprocess of elimination.


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Neutral Triangles (wave-c longest)

The is a new variation in this well known group. !t is the missing 5link6 that e0plains manyheretofore indecipherale periods of pattern development. # Neutral Triangle is the logicalmissing formation that delicately connects the !mpulsive world to the Triangular world. !f youcompare $st, 1rd and &th wave E0tensions to Triangular patterns, there is a clear area ofehavior not covered y '.N. Elliott7s original group. That missing pattern is the NeutralTriangle. 8ust like a 1rd wave E0tension !mpulse pattern, the middle wave wave)c/ is thelongest in a Neutral Triangle. Their characteristics are also e0tremely similar to 1rd E0tension!mpulse patterns.

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Extracting Triangles

This type of Triangle follows all the rules and variations of those previously listed. The uni2ueaspect of this Triangular su)category is that the alternation that is normally present in aTriangle ased on which wave is the longest/ is reversed. This creates a 9E': strangelooking formation that can e very difficult to anticipate at least if your e0perience is primarilyin the ;


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3rd Extension Terminals

This pattern takes on a strange and difficult to interpret structure that is usually discoveredonly after its conclusion or shortly efore conclusion if the pattern is large enough/. This iswhat an E0tracting Triangle looks like.

5t Failure Terminals

These patterns asically mimic 1rd E0tension !mpulse patterns, e0cept waves)= and >overlap and the internal structure of each move is corrective, not!mpulsive.

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NEoWave !eavior Discoveries

- E0panding Triangles spike at e0tremes/- Neutral Triangles even distriution of ehavior/- E0tracting Triangles- &th Failure Terminals +upplemental price/- &th Failure Terminals severe alternation/- *ommon 4E?#9!@' mistakes associated with !mpulsions

Ex"anding Triangles (s"i#e at extremes)

E0panding Triangles have a strong tendency to 6spike6 when reaching the highest or lowestpoint of the termination of each wave. This creates an identifiale characteristic that can eused to identify their e0istence in almost any market situation. oservation. Detection of thisehavior price action 5spiking6 near the e0tremes/ can help you decide what kind ofenvironment the market is in even when an e0act wave count is not ovious.

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Neutral Triangles (even distri$ution o% $eavior)

Neutral Triangles are some of the calmest, most consistently ehaving patterns underNEoWaveA Theory. !f the market7s ehavior and style is not changing much, even if themarket is covering a lot of price and time territory, that is the environment of a NeutralTriangle.

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Extracting Triangles

The thrust out of an E0tracting triangle is not as violent as that e0perienced y a *ontracting

Triangle, ut not as slow as that of an E0panding Triangle. 4ased on our previousdiscussions, it should e ovious that the market environment this pattern creates is that of aneutral ias.

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'ommon !E*+, mista#es associated wit +m"ulsions

NEoWave Patterns

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NEoWave Patterns Revealed

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Text: Each successie !ec"i#e is sma""er i# $rice % hi&her '()*

Each successie ra""+ is "ar&er i# $rice. % hi&her H,-H*

This is the t+$e o /ehaiour that characteries a# EXTRACTING TRIANGLE

The most im$orta#t trait o this $atter# a$$ears to /e that

wave-Dis a"wa+s "ar&er tha# wave-Ca#! it is usua""+ the most com$"icate! wae i# the $atter# rom a isua" sta#!$oi#t.

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57441316 neely glenn neowaves

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