medium · Elliott Wave Theory
In a bearish 5-wave impulse, what is the required price relationship for Wave 4 to satisfy Rule 3?
- Wave 4 must be longer than Wave 2 in price distance.
- The low of Wave 4 must stay above the high of Wave 1.
- The high of Wave 4 must stay below the low of Wave 1.
- Wave 4 must retrace exactly 38.2% of Wave 3.
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