medium · Elliott Wave Theory fibonacci
A bullish ending diagonal is suspected in the Wave 5 position. Wave 1 of the diagonal travels 100 points. Wave 3 travels 80 points. Wave 4 overlaps Wave 1 and ends at a level such that Wave 5 must be shorter than Wave 3.
Which of the following travel distances for Wave 5 is most consistent with the rules of a contracting ending diagonal?
- 85 points
- 90 points
- 60 points
- 110 points
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