easy · Elliott Wave Theory fibonacci
In a bear market, Wave 1 drops from 100 to 80. Wave 2 rallies to 92. Wave 3 then drops from 92 to 40.
If the analyst expects a Wave 4 rally to target the 38.2% retracement of Wave 3, what is the price target?
- $70.40
- $59.86
- $19.86
- $62.00
Sign up free to see the explanation and track your rank →
More Elliott Wave Theory fibonacci practice
- Based on common Fibonacci relationships, how far might Wave C drop from the end of Wave B?
- If the analyst is using the Box Method to project the final target, what is the next step
- What is the 38.2% retracement target for Wave 4?
- If Wave 3 is expected to reach a common extension target of 1.618 times Wave 1, at what pr
- If the market is currently at $162.51, which Fibonacci extension has Wave 3 reached?
- If Wave E completes at a price of $1,200, what is the projected target for the subsequent
- Which of the following data points would be most appropriate to include in this cluster?
- A Wave 4 correction terminates at a Fibonacci confluence of… — How does this affect convic