medium · Elliott Wave Theory corrective
When a triangle serves as Wave 4, it is often followed by a 'terminal thrust'.
What happens to the price trend after the Wave 5 target is reached?
- It continues in that direction as a new sixth wave
- It promptly enters another triangle pattern one degree higher
- It undergoes a significant reversal retracing the entire thrust
- It immediately enters an extended and highly impulsive new third wave
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