hard · Elliott Wave Theory
According to the 'Guideline of Depth,' where is a Wave 4 most likely to terminate if the preceding Wave 3 was an extended move?
- The absolute high of Wave 1.
- The price range of the prior fourth sub-wave of one lesser degree.
- The 61.8 % Fibonacci retracement level of Wave 3.
- The origin of Wave 1.
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