hard · Elliott Wave Theory
Following the Guideline of Alternation, if Wave 2 of an impulse sequence is a sharp zigzag that retraces 61.8% of price, what characteristics are most likely for Wave 4?
- Another sharp zigzag to ensure consistent retracement depth.
- A deeper retracement exceeding 78.6%.
- A leading diagonal starting with five sub-waves.
- A sideways flat or triangle that consumes more time than price retracement.
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