medium · Elliott Wave Theory
An extended Wave 1 in a new bull trend travels from 28.00 to 34.00.
According to standard guidelines for 'extended first waves,' what is the most likely depth for the subsequent Wave 2 retracement?
- 100% - 123.6%
- 61.8% - 78.6%
- 23.6% - 38.2%
- 50% exactly
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