medium · Elliott Wave Theory
An Intermediate-degree Wave 2 lasted 8 days and retraced 200 points. The subsequent Wave 3 lasted 35 days.
If the unfolding Wave 4 has currently lasted 45 days and retraced 150 points, what is the most likely diagnostic according to proportionality guidelines?
- This is a standard Wave 4 exhibiting time alternation.
- The count is invalid because Wave 4 cannot retrace fewer points than Wave 2.
- This move is likely a correction of a higher degree, as it has exceeded 2.618 times the duration of Wave 2.
- The structure is an ending diagonal because of its time-consuming nature.
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