Yes, what Dave said is clear, "the imbalance will be in each straight run of pipe" "the load would be delta P times the inside area of the pipe and it is directed along the run." I mean it's about delta P and not P, it's about straight runs of pipe, not other tangent to the curve, etc.
Obviously, a consequence of the angle of curve is the position of the adjacent straight run. And no, the theory does not consider any other "wave intensity" when travels through the system.
In case you are able to develop other theory, more elaborate, I'll be happy to see it.
My contribution to your original question would be to convince you that the effect of the same P*A on both "ends" of a straight run is a longitudinal stress commonly counted as PD/4t (or more accurate P*A/Am), i.e. one already considered in calculation. In case you consider a transient event, the figure you've attached is not helpful because there the pressure is considered with the same values at both ends of curve.
In case you are focused on transient events as slug, I think you may take a look to the article I attached in
http://65.57.255.42/ubbthreads/ubbthreads.php?ubb=showflat&Number=60278, even it's possible to rise up questions instead to give certitudes.