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?

  1. Proof that no alternate count exists
  2. A possible support area for wave 4
  3. The guaranteed final price of wave 5
  4. Permission for wave 2 to break the wave 1 origin

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