easy · Elliott Wave Theory
In a five-wave bearish impulse (a downtrend), Wave 1 ends at 100. Wave 2 rallies to 120. Wave 3 drops to $60.
If Rule 3 must be satisfied, what is the highest price Wave 4 can reach?
- $80 (midpoint of Wave 3)
- $99.99 (anything below $100)
- $121 (above Wave 2)
- $59 (below Wave 3)
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