medium · Elliott Wave Theory corrective
A market exhibits an ascending triangle in a Wave B corrective position. The horizontal resistance line is at 1.2500 and the widest part of the triangle, Wave A, is 300 pips.
Where should the practitioner set the target for the Wave C thrust?
- 1.2650
- 1.3100
- 1.2200
- 1.2800
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