I just came across this one page word document. It's a puzzle to me as I'm not at all familiar with EW and the counts. Those of you interested may provide the feedback so that novices like me can have EW feast.
As far as I could understand from these two attached pics below, for a proper HnS reversal pattern, wave 4 should be LS and wave 5 should be the H, then wave b of the correction fits in the correct context for a HnS reversal. In the second pic, wave b is taken as H and this fails the HnS pattern. But to differentiate between the wave 5 H and wave b H is out of my league.
Credit to the author who ever he/she is.
Cheers!
Babu Kothandaraman
Head and Shoulders How the EW theory confirms its success or failure
The famous "head and shoulders" pattern can be discerned in a normal Elliott top (see Figure 7-3), while a head and shoulders pattern that "doesn't work out" might involve an expanded flat correction under Elliott (see Figure 7-4). Note that in both patterns, the decreasing volume that usually accompanies a head and shoulders formation is a characteristic fully compatible with the Wave Principle. In Figure 7-3, wave 3 will have the heaviest volume, wave 5 somewhat lighter, and wave b usually lighter still when the wave is of Intermediate degree or lower. In Figure 7-4, the impulse wave will have the highest volume, wave b usually somewhat less, and wave four of c the least.
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