medium · Elliott Wave Theory corrective
A trader sees a sharp decline in 5 waves, followed by a 3-wave rally, and then another 5-wave decline.
If the second decline is 1.618 times the first, what is the most accurate label?
- A Zigzag Correction
- A Running Flat
- An Extended Third Wave Impulse
- An Ending Diagonal
Sign up free to see the explanation and track your rank →
More Elliott Wave Theory corrective practice
- An analyst sees a coiling sideways pattern with five legs (A… — What mistake has been made
- Scenario: Wave A of a correction has $5 clear sub-waves. What can the analyst immediately
- If a correction consists of five overlapping legs (A, B, C, D, E), where every single leg
- In a powerful uptrend, a correction occurs where wave B exceeds the start of wave A, but w
- Which corrective pattern is known for being a 'sharp' correction and is most commonly foun
- During an expanding triangle, which of the following is true regarding the size of the wav
- A correction in a bear market rallies in 3 waves to a level… — Which pattern does this rep
- If the next leg is a 5-wave decline that ends at the same level as the first low, the patt