easy · Elliott Wave Theory
In a five-wave advance, Wave 1 is 10 points long, Wave 3 is 8 points long, and Wave 5 is 6 points long.
How should this count be corrected?
- Identify it as a diagonal because motive waves in diagonals always shorten.
- Mark it as a truncation since Wave 5 did not travel far enough.
- Relabel the structure because Wave 3 cannot be the shortest motive wave.
- Accept the count because Wave 3 is longer than Wave 5.
Sign up free to see the explanation and track your rank →
More Elliott Wave Theory practice
- A commodity price moves from $80 to $96, pullbacks to $88, t… — If an analyst identifies t
- Which is more likely?
- According to the Swing Count Validation technique, what should the trader conclude?
- Based on common Fibonacci relationships, how far might Wave C drop from the end of Wave B?
- An analyst sees a 'Close-Below-Prior-Swing Test' fire when p… — What does this likely sign
- According to the 'Fourth-Wave Target Zone' guideline, where is a correction most likely to
- According to the Guideline of Alternation, what should you expect for Wave 4?
- If the analyst is using the Box Method to project the final target, what is the next step