medium · Elliott Wave Theory
If a market produces two consecutive corrections of the same pattern type, with Wave 4 being the same structure but larger than Wave 2, how might this affect the reliability of the standard 2-4 acceleration channel?
- It makes the acceleration channel more accurate
- It confirms a 'Coiling Repetition' pattern
- It implies Wave 3 was the shortest wave
- It suggests the degree of Wave 4 might be misidentified
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