easy · Elliott Wave Theory
A stock completes Wave 4 at 3,500. Wave 1 was 250 points and Wave 3 was 920 points.
If Wave 5 reaches 3,750, why is the labeling of Wave 3 as 'not the shortest' still valid?
- Wave 3 (920) is longer than both Wave 1 (250) and Wave 5 (250).
- The price level of Wave 5 (3,750) is higher than Wave 3 (3,750 - 250 = 3,500 base).
- Wave 3 volume was the highest in the sequence.
- Wave 5 (250) is equal to Wave 1 (250).
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?