medium · Elliott Wave Theory alternation
According to the Fourth-Wave Target guideline, where should a Wave 4 triangle typically terminate?
- Within the price range of the prior fourth wave of one lesser degree
- In entirely new territory well beyond the extreme set by Wave 3
- At precisely the 61.8% Fibonacci retracement level measured from Wave 1
- Exactly at the origin price level from which Wave 1 first began its advance
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