easy · Elliott Wave Theory
In a bearish impulse (a downward trend), where would you expect a Wave 2 corrective rally to terminate relative to Wave 1?
- Above the origin of Wave 1
- At a level that is 1.618 times the length of Wave 1
- At a level that is 38.2% of the distance from the Wave 1 high to the Wave 1 low
- At a level that retraces 61.8% of the Wave 1 decline
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