easy · Elliott Wave Theory

A market finishes a powerful Wave 3 at 450. Wave 3 started at $350 (Wave 2 low).

If the analyst expects a typical shallow Wave 4 retracement of 38.2%, at what price level should they look for a reversal?

  1. $400.00
  2. $388.20
  3. $411.80
  4. $435.00

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