medium · Elliott Wave Theory
In a bearish impulse, Wave 1 drops from 100 to 80. Wave 2 rallies to 90, and Wave 3 crashes to 40. Wave 4 recovers to 55.
If Wave 5 completes as a 'failure' or truncation, at which price point might it terminate?
- 45
- 75
- 35
- 40
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