medium · Elliott Wave Theory
A Cycle-degree bull market peaks at 5,000. Wave W (zigzag) drops to 4,400. Wave X (rally) reaches 4,650. Wave Y (zigzag) then drops to 3,900. Calculate the ratio of the amplitude of Wave Y to Wave W.
- 1.25
- 0.618
- 1.00
- 1.618
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