medium · Elliott Wave Theory corrective
During a bull market correction, Wave A drops 100 points. Wave B then rallies 125 points, making a new price high.
If the analyst suspects an 'Expanded Flat,' where is the most likely target for the subsequent Wave C?
- Beyond the low of Wave A, potentially reaching 1.618 times the length of Wave A.
- At the exact same price level as the low of Wave A, defining a Regular Flat.
- Precisely 100 points below the high of Wave B, matching the total length of Wave A.
- Slightly above the low of Wave A, failing to break it, thus forming a Running Flat pattern.
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