medium · Elliott Wave Theory complex
After a completed five-wave impulse, a rally occurs that retraces 40% of the move in a choppy three-wave fashion. The market then resumes the trend and breaks to a new extreme.
How was the rally most likely classified?
- Wave B of an Expanded Flat.
- A complete Zigzag.
- Wave 1 of a new impulse.
- An X-wave in a combination.
Sign up free to see the explanation and track your rank →
More Elliott Wave Theory complex practice
- A market finishes a 5-3-5 move against the main trend but does not resume the trend. Inste
- An X wave in a combination is always categorized as a:
- An analyst observes a correction that consists of two zigzag… — How should this structure
- A market moves sideways in a W-X-Y complex correction. If the 'X' wave retraces 75% of 'W'
- In a W-X-Y double combination where W is a flat and Y is a triangle, what is the role of t
- In a W-X-Y double combination, the X-wave rallies and retrac… — What does this deep retrac
- If 'W' was a Zigzag and 'X' was a shallow rally, what pattern is NOT permitted for 'Y' if
- How should the total structure be labeled?