medium · Elliott Wave Theory
In a 5-wave impulse where Wave 1 is identified as the extended wave, which structural relationship is most typically expected between Wave 3 and Wave 5 according to the Guideline of Equality?
- Wave 3 will typically be 1.618 times the length of Wave 5.
- Wave 3 and Wave 5 will tend toward equality in price amplitude.
- Wave 3 must be the shortest wave in the sequence.
- Wave 5 must extend to a greater length than the extended Wave 1.
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