medium · Elliott Wave Theory
A contracting triangle correction (A-B-C-D-E) occurs in the Wave 4 position of a bull market. The widest leg of the triangle, Wave A, spans 50 points.
If Wave E completes at a price of $1,200, what is the projected target for the subsequent Wave 5 thrust?
- $1,300
- $1,231
- $1,150
- $1,250
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