easy · Elliott Wave Theory alternation
For an upward impulse, an analyst draws a line through the ends of waves 1 and 3 and a parallel line through the end of wave 2.
What is the parallel line commonly used to anticipate?
- Proof that no alternate count exists
- A possible support area for wave 4
- The guaranteed final price of wave 5
- Permission for wave 2 to break the wave 1 origin
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