medium · Elliott Wave Theory alternation
Which construction technique is used for identifying 'Intermediate' targets in the middle of a Wave 3 move using a base channel?
- Counting the number of price bars since the Grand Supercycle low
- Projecting a trend line from the end of Wave 4 back through the Wave 2 origin
- Subdividing the channel width using Fibonacci ratios like 0.382 and 0.618
- Measuring the total time duration of Wave 1 and then multiplying it by pi (3.14)
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