medium · Elliott Wave Theory fibonacci
An analyst identifies a potential extended Wave 3 in an index. Wave 1 traveled from 2400 to 2700 points. Wave 2 terminated at 2520.
If Wave 3 targets a 2.618 Fibonacci extension of Wave 1, what is the expected price target for the end of Wave 3?
- 3305.4
- 2814.6
- 3585.4
- 3005.4
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