medium · Elliott Wave Theory
A bullish impulse has W₁=12.5 and W₃=13.0. To avoid a Rule 2 violation, what is the maximum length Wave 5 can be?
- 12.9 units, to ensure Wave 3 remains longer than Wave 5.
- 13.0 units, because Wave 3 and Wave 5 can be tied for longest but not for shortest.
- 20.2 units, which is a 1.618 extension of Wave 1.
- There is no theoretical maximum for Wave 5.
Sign up free to see the explanation and track your rank →
More Elliott Wave Theory practice
- In a five-wave advance, Wave 1 is 10 points long, Wave 3 is… — How should this count be co
- A commodity price moves from $80 to $96, pullbacks to $88, t… — If an analyst identifies t
- Which is more likely?
- According to the Swing Count Validation technique, what should the trader conclude?
- Based on common Fibonacci relationships, how far might Wave C drop from the end of Wave B?
- An analyst sees a 'Close-Below-Prior-Swing Test' fire when p… — What does this likely sign
- According to the 'Fourth-Wave Target Zone' guideline, where is a correction most likely to
- According to the Guideline of Alternation, what should you expect for Wave 4?