medium · Elliott Wave Theory alternation
An Intermediate-degree Wave 2 lasted 8 days and retraced 200 points. The subsequent Wave 3 lasted 35 days.
If the unfolding Wave 4 has currently lasted 45 days and retraced 150 points, what is the most likely diagnostic according to proportionality guidelines?
- This is a standard Wave 4 exhibiting time alternation.
- The count is invalid because Wave 4 cannot retrace fewer points than Wave 2.
- This move is likely a correction of a higher degree, as it has exceeded 2.618 times the duration of Wave 2.
- The structure is an ending diagonal because of its time-consuming nature.
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