hard · Elliott Wave Theory fibonacci
A commodity price moves from $50 to $70 (Wave 1), then $70 to $62 (Wave 2). Wave 3 reaches $102.
If Wave 5 is projected to be equal in length to Wave 1 (Guideline of Equality), and Wave 4 ends at the 38.2% retracement of Wave 3, what is the projected target for the end of the impulse?
- $122.00
- $114.28
- $102.00
- $106.72
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