medium · Elliott Wave Theory ewt-core
Using the 'Box Method' on a price chart, a practitioner draws a box from the low of a strong rally to its peak.
If this peak is suspected to be the end of Wave 3, where should the practitioner place the duplicated box to find the final target?
- Beside the original box to measure time duration.
- Placed at the 61.8% retracement level of the original box.
- At the start of Wave 1 to measure total distance.
- Stacked directly on top of the original box.
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