hard · Elliott Wave Theory alternation
Following the Guideline of Alternation, if Wave 2 of an impulse sequence is a sharp zigzag that retraces 61.8% of price, what characteristics are most likely for Wave 4?
- Another sharp zigzag, matching Wave 2's depth and speed exactly
- A deeper retracement exceeding 78.6% of the preceding third wave's length
- A leading diagonal that begins its structure with five overlapping motive sub-waves
- A sideways flat or triangle that consumes more time than price retracement.
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