medium · Elliott Wave Theory alternation
During a Cycle-degree bull market, Wave III ends at 1,850. Primary-degree Wave (4) within that move occupied the range 1,500-1,650.
Where should the analyst expect the next Cycle-degree Wave IV to terminate?
- In the 1,500 to 1,650 price zone.
- At the origin of Wave III.
- Within the price range of Wave (2) of Wave III.
- Exactly at the 50% retracement level of Wave III.
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