easy · Elliott Wave Theory
A stock moves from 50 to 70 (Wave 1), pulls back to 60 (Wave 2), and then moves to 110 (Wave 3).
If Wave 4 is expected to target the 'prior fourth wave of one lesser degree' which ended at 95, where should the trader look for a reversal?
- 60
- 100
- 80
- 95
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?