hard · Elliott Wave Theory complex
An analyst is counting a correction as a WXY double combination. Partway through labeling Wave Y, the presumed Wave Y itself develops a clear 5-wave decline in the direction of the larger correction, rather than the expected 3-wave or sideways structure.
What must the analyst conclude about the count once this 5-wave internal structure appears within the presumed Wave Y?
- The label is abandoned; a directional 5-wave move cannot be a component of any combination
- The count remains valid; Wave Y is simply forming as a zigzag, which begins with a 5-wave leg
- The count remains valid, since the wave-count restriction only ever applies to the first component
- The combination is relabeled a triple, since any 5-wave sub-structure signals a fourth pattern starting
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