medium · Elliott Wave Theory
In a bearish impulse (a five-wave decline), Wave 2 is a sharp zigzag rally. Wave 4 develops as a sideways expanded flat rally.
If Wave 1 ended at 150 and Wave 3 ended at 80, what is the upper price limit for the Wave 4 rally?
- 200.00, the origin of the bear trend.
- 115.00, the 50% retracement level.
- 149.99, to avoid overlapping the low of Wave 1.
- 80.01, to stay within the territory of Wave 3.
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?