hard · Elliott Wave Theory
An impulse wave completes wave 1 (50 points) and wave 2 (a 61.8% retracement). Wave 3 then begins and reaches a 1.618 extension of wave 1.
If wave 3 continues to accelerate, what is the next standard Fibonacci extension target?
- 2.618 times wave 1
- The square root of 1.618 times wave 1
- 1.000 plus the length of wave 1 from the wave 2 low
- 4.236 times wave 1
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