medium · Elliott Wave Theory fibonacci
An analyst identifies a potential bull impulse where Wave 1 rallies from 45.00 to 78.00.
If Wave 2 is expected to be a 'deep' correction, at what price zone would it most likely terminate?
- 57.61 to 61.50
- 48.00 to 52.00
- 65.39 to 68.50
- 70.00 to 75.00
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