medium · Elliott Wave Theory fibonacci

Which time-based expectation is the MOST defensible, recognizing the difference between time and price ratios?

1. Wave 4's duration most plausibly approximates 13 days, projecting wave 1's time forward, since alternation often pairs a sharp wave 2 with a time-consuming wave 4 near a prior wave's duration
2. Wave 4 should last exactly 34 days, the Fibonacci number produced by simply summing wave 1's 13-day duration with wave 3's 21-day duration, a numerological but non-standard time rule
3. Wave 4 should last only 8 days, because wave 4's time span is fixed at 0.382 times wave 3's 21-day duration under this timing rule, treating time ratios as precisely as price retracement ratios
4. Wave 4 should last 21 days, because each successive wave's duration is assumed to equal the prior wave's duration in a strictly self-similar impulse, ignoring any allowance for alternation between waves

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