hard · Elliott Wave Theory alternation
Wave 4 forms well short of the lower parallel channel line drawn from the Wave 1-3 trendline and its Wave 2 offset.
According to the standard channeling guideline, what should the analyst do next to estimate the boundary for Wave 5?
- Reconstruct the channel by connecting the ends of Waves 2 and 4, then draw a parallel through the end of Wave 3
- Keep the original Wave 1-3 channel and conclude that Wave 5 must also fall short of its upper line
- Keep the original channel and conclude that Wave 5 is guaranteed to throw over its upper line
- Invalidate the count because Wave 4 is required to touch the original lower parallel
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