hard · Elliott Wave Theory complex
A price sequence consists of an A-B-C zigzag (W) from 100 to 80, followed by an a-b-c rally (X) to 88, and finally a horizontal triangle (Y) that oscillates between 88 and 82.
What is the internal sub-wave structure of the X-wave in this scenario, and is it consistent with the 'sideways' character of the double three?
- The structure is 1-wave (a sharp spike) which is the required internal count for X-waves in Primary-degree cycles.
- The structure is 5-waves and the shallow depth confirms it is a motive connector for a sideways combination.
- The structure is 3-waves but the 60% retracement depth suggests it should have been a double zigzag.
- The structure is 3-waves and the 40% retracement depth is consistent with a sideways 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