medium · Elliott Wave Theory alternation
A triangle labeled as Wave 4 occurs. Wave 2 of the same impulse was a brief 23.6% retracement flat.
According to the Guideline of Alternation, what is most likely to be true about the triangle?
- The triangle pattern is invalid since Wave 2 was a flat
- The triangle will instead take the form of a simple zigzag correction
- The triangle will also end up retracing exactly 23.6% of the prior move
- The triangle will be more time-consuming and complex than Wave 2
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