easy · Elliott Wave Theory
According to the Guideline of Alternation, if wave 2 of a five-wave impulse is a sharp 61.8% zigzag retracement, what is the most likely behavior for wave 4?
- A sideways flat or triangle retracing 38.2% or less
- Another sharp zigzag to ensure trend symmetry
- A deep retracement to the origin of wave 3
- A rapid fifth-wave extension to compensate for time
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