medium · Elliott Wave Theory
During a bull market correction, Wave A drops 100 points. Wave B then rallies 125 points, making a new price high.
If the analyst suspects an 'Expanded Flat,' where is the most likely target for the subsequent Wave C?
- Beyond the low of Wave A, potentially reaching 1.618 times the length of Wave A.
- At the exact same price level as the low of Wave A, defining a Regular Flat.
- Precisely 100 points below the high of Wave B, matching the total length of Wave A.
- Slightly above the low of Wave A, failing to break it, thus forming a Running Flat pattern.
Sign up free to see the explanation and track your rank →
More Elliott Wave Theory practice
- In a five-wave advance, Wave 1 is 10 points long, Wave 3 is… — How should this count be co
- 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?