medium · Elliott Wave Theory

An impulse wave is identified with W₁=30, W₃=33, and W₅=32. If Wave 4 terminates at a price of 128 while Wave 1 ended at 130, is this count valid?

1. No, because the fourth wave overlaps the first wave.
2. Yes, because all motive waves are of similar length.
3. No, because the third wave is not the longest.
4. Yes, because the second wave did not retrace below the origin.

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