hard · Elliott Wave Theory
Within an impulse, wave 1 spans 100 points, wave 3 spans 90 points, and wave 5 is forming.
For the count to remain a valid impulse, what is the binding constraint that the rule 'wave 3 is never the shortest of the three actionary waves' actually imposes on wave 5?
- Wave 5 must not exceed 90 points, because if wave 5 were longer than wave 3 while wave 1 already exceeds it, wave 3 would be the shortest and the rule would be broken
- Wave 5 must be shorter than 90 points so that wave 3 remains longer than both, preserving the typical extended-third profile
- Wave 5 may be any length, since the rule only compares wave 3 against wave 1 and that comparison already passes
- Wave 5 must exceed 100 points so that wave 3 sits in the middle by length and is therefore not the shortest
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