medium · Elliott Wave Theory complex
In an Intermediate double combination labeled w-x-y, the analyst finds that the x wave retraces 80% of w.
What does this depth suggest about the likely structure?
- It is a triangle forming.
- The w wave is an impulse.
- It is an invalid combination as X must be shallow.
- It is more likely a double zigzag than a double three.
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
- How was the rally most likely classified?
- 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