easy · Elliott Wave Theory
Alternation in depth often means that if Wave 2 retraces 61.8% of Wave 1, then Wave 4 will likely retrace:
- 23.6% to 38.2% of Wave 3.
- 0%, meaning price continues higher without pausing.
- 61.8% to 78.6% of Wave 3.
- More than 100% of Wave 3.
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