hard · Elliott Wave Theory Elliott Wave Theory
A corrective decline from $100 unfolds as: Wave A down to $85 (a five-wave internal structure), Wave B up to $95 (a three-wave internal structure retracing about 67% of Wave A), and Wave C down to $78, also a five-wave internal structure that ends below the Wave A low.
What pattern does this sequence describe?
- A Triangle, since Wave B retraces a large share of Wave A here
- A Flat, since Wave C ends beyond the Wave A extreme
- A Zigzag, since A/C are five-wave legs, B a three-wave leg
- A Double Three, since three legs are labeled A, B, C