easy · Elliott Wave Theory ewt-core
In a commodity market, Wave 3 is often shorter than Wave 5. If Wave 1 is 50 points, Wave 3 is 80 points, and the current Wave 5 is approaching 120 points, is this count valid according to the cardinal rules?
- Yes, because Wave 3 is not the shortest wave
- No, because Wave 3 must always be the longest in impulse waves
- Yes, but only if Wave 2 was a sharp zigzag
- No, because Wave 5 cannot be longer than Wave 3 in commodities
Sign up free to see the explanation and track your rank →
More Elliott Wave Theory ewt-core practice
- A commodity price moves from $80 to $96, pullbacks to $88, t… — If an analyst identifies t
- Which is more likely?
- According to the Swing Count Validation technique, what should the trader conclude?
- An analyst sees a 'Close-Below-Prior-Swing Test' fire when p… — What does this likely sign
- What is the maximum possible length for Wave 5?
- Why is the rally from 105 to 190 most likely Wave 3?
- In a contracting triangle correction, how many internal sub-waves are typically found in e
- You are counting a rally and find 9 swings. According to the swing count validation techni