elliottwaves-trading Is it correct to affirm that the last wave of a down trending impulsive pattern must always reach the lowest low of the pattern?

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Is it correct to affirm that the last wave of a down trending impulsive pattern must always reach the lowest low of the pattern?

Well… It depends! In case of a classic non-overlapping pattern the last subwave [subwave v: (v): W5] will form the lowest low. On contrary, if the pattern is overlapping, the last subwave of the descending diagonal triangle [subwave c: (v): W5] may be failed and not reach the lowest low.