medium · Elliott Wave Theory alternation
An Intermediate degree Wave (4) is expected to terminate within a specific price zone.
Based on the Guideline of Depth, what is the most reliable target?
- The 78.6% retracement level of the entire bull market cycle measured from its absolute starting point.
- The exact origin price where the Primary degree Wave 1 first began its advance.
- The range of the prior Minor degree wave 4 within the preceding Primary wave 3.
- The midpoint of the preceding Wave 2, chosen to create a perfect geometric symmetry between the two corrections.
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