medium · Elliott Wave Theory alternation
If Wave 1 is the 'extended' wave in a 5-wave impulse, what does the Guideline of Equality suggest for waves 3 and 5?
- Wave 5 will be 0.618 times the entire length of waves 1 through 3.
- Wave 3 will also extend to ensure Wave 3 is not the shortest.
- Wave 3 and Wave 5 will tend toward being equal in length.
- Wave 3 will be 1.618 times the length of Wave 5.
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