medium · Elliott Wave Theory alternation
In a bearish impulse (declining trend), an 'overthrow' occurs when Wave 5 terminates in which way?
- Terminating between the Wave 4 and Wave 3 lows
- Below the lower parallel of the acceleration channel
- Terminating above the starting origin of the fifth wave
- Breaching the upper trendline connecting the Wave 1 and 3 tops
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