hard · Elliott Wave Theory
A zigzag (5-3-5) has wave A = 50 points and a sharp wave B retracing 50% of A. A trader argues wave C 'must' equal A (the most common relationship).
If instead wave C extends to 1.618×A, where does C terminate relative to the START of the zigzag, and which secondary check best validates that C is a complete five rather than an extension still in progress?
- C ends 30.9 points beyond the zigzag's start; validate completion by confirming wave 5 of C shows momentum divergence and the channel's lower line is reached after a clean 5-wave subdivision
- C ends 80.9 points beyond the zigzag's start; validate by checking that wave 3 of C is the shortest sub-wave, since extended Cs shorten their third
- C ends exactly at the zigzag's start (net zero), validating completion because a 1.618 C always retraces the full prior advance
- C ends 50 points beyond the zigzag's start; validate by confirming C equals A, the defining requirement of every zigzag
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