medium · Elliott Wave Theory alternation
Scenario: Wave 3 ends at $500. Inside Wave 3, the fourth sub-wave (wave iv) occurred between $440 and $460.
Where is the most likely target for the major Wave 4 correction?
- Below $440
- Exactly $250 (the 50% level)
- $500 (no retracement)
- The $440-$460 range
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
- 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
- Applying the 'Guideline of Alternation' to an unfolding 5-wave impulse, if Wave 2 was a sh