medium · Elliott Wave Theory
A technical analyst counts 11 distinct price swings in a suspected impulse wave that is trending strongly.
Based on the swing count validation technique, what is the most logical conclusion?
- The count is incorrect or the impulse is currently incomplete.
- The impulse is a simple five-wave structure with no extensions.
- The structure is a corrective double zigzag.
- The impulse contains exactly two extensions.
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