hard · Elliott Wave Theory alternation
In a Primary degree bull impulse, wave (2) was a sharp zigzag that retraced 61.8% of wave (1). Wave (3) subsequently completed as an extension. Following the completion of wave (5), wave (4) enters a corrective phase.
Applying the Guideline of Alternation, what is the most likely characteristic of wave (4)?
- A double zigzag that seeks a deep 78.6% retracement back into wave (3) territory
- An ending diagonal triangle that carries price all the way back to the origin of wave (1)
- A sharp zigzag correction retracing 61.8% of the entire wave (3) advance
- A sideways pattern like a triangle or flat retracing approximately 38.2% of wave (3)
Sign up free to see the explanation and track your rank →
More Elliott Wave Theory alternation practice
- According to the 'Fourth-Wave Target Zone' guideline, where is a correction most likely to
- According to the Guideline of Alternation, what should you expect for Wave 4?
- A correction targets the price zone of the 'prior fourth wav… — What does this mean in pra
- You see a rally with two identical corrections. Both were zi… — Why might you doubt this i
- Where is the most likely target for the major Wave 4 correction?
- What is the most likely target for the subsequent Wave 4?
- If the analyst wants to project the end of the entire impulse using the 'Equality Guidelin
- According to the 'Guideline of Depth', which area is the most likely target for the bottom