Wave 1,3,5 affect the direction of the market. Wave 1 is usually in form of a leading diagonal. Wave 2 is 50% or 61.8% of wave 1 and it never moves below wave 1. (corrective) Wave 3 is 161.8%-261.8% of wave 1 and is an impulse and never the shortest wave. Wave 4 is usually a flat, triangle, or combination thereof. Currently, we are in a corrective wave (4) in form of a running triangle. Wave 5 is 100% of wave 1 or 161.8% of wave 4, impulse wave.