medium · Elliott Wave Theory corrective
A technician calculates a triangle thrust target of 1.1550. The price achieves this exactly but continues to move higher with a clear five-wave sub-structure.
What is the most likely structural explanation?
- A leading diagonal was mistaken for a triangle
- The market is in an extended fifth wave
- The thrust target was incorrectly calculated from Wave A
- The triangle was actually a running flat
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