easy · Elliott Wave Theory alternation
Applying the 'Guideline of Alternation' to an unfolding 5-wave impulse, if Wave 2 was a sharp, deep zigzag retracing 61.8% of Wave 1 over 3 days, what is the most likely characteristic for Wave 4?
- A sideways flat or triangle, retracing 38.2% or less over a longer duration
- A swift failure or truncation that shortens the move on the way to the fifth wave
- Another deep zigzag retracement, since alternation requires symmetry between corrections
- A 61.8% retracement that closely mirrors Wave 2 in both depth and time span
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