medium · Elliott Wave Theory complex
You are assessing an X-wave connector that moves from 120 to 135 after a 50-point decline in wave W. You observe that the move from 120 to 135 consists of three waves, but wave B of this X-wave retraces 110% of its own wave A. What is the correct classification for this X-wave internal structure?
- It is a double zigzag X-wave because it has a complex internal count.
- It is an expanded flat X-wave.
- It is a running zigzag X-wave.
- It is an invalid X-wave because connectors cannot contain flats.
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