hard · Elliott Wave Theory
An analyst observes a bullish sequence where Wave 1 advances 100 points, Wave 2 retraces 60 points, Wave 3 advances 85 points, and Wave 4 retraces 20 points.
Based on the cardinal rules of impulse waves, what is the maximum allowable length for Wave 5 to maintain a valid impulse count?
- Any length as long as it exceeds the Wave 3 peak
- 99 points
- 84 points
- 100 points
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