medium · Elliott Wave Theory alternation

Relative to the channeling expectations of a normal impulse fifth wave, what distinguishes the diagonal's channel behavior and the most reliable post-pattern price target?

1. The lines converge rather than run parallel, and the typical reaction carries price back to at least where the diagonal began, often swiftly.
2. The lines converge rather than run parallel, and the reaction typically stalls at the diagonal's midpoint, mirroring a normal fifth-wave pullback.
3. The lines run parallel like a normal impulse, and price typically reacts only to the end of the diagonal's wave 4.
4. The lines diverge as the pattern accelerates, and price typically retraces a Fibonacci 38.2% of the whole diagonal.

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