medium · Elliott Wave Theory corrective
During a market decline, the first leg (Wave A) consists of a clear 5-wave impulse. Wave B then retraces 50% of Wave A in a 3-wave sequence.
Which corrective pattern is currently developing, and what is the expected internal structure of the next leg?
- A zigzag; the next leg will be a 5-wave impulse
- An expanded flat; the next leg will be a 3-wave sequence
- A regular flat; the next leg will be a 5-wave impulse
- A contracting triangle; the next leg will be a 3-wave sequence
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