easy · Elliott Wave Theory
In a commodity market, Wave 3 is often shorter than Wave 5. If Wave 1 is 50 points, Wave 3 is 80 points, and the current Wave 5 is approaching 120 points, is this count valid according to the cardinal rules?
- Yes, because Wave 3 is not the shortest wave
- No, because Wave 3 must always be the longest in impulse waves
- Yes, but only if Wave 2 was a sharp zigzag
- No, because Wave 5 cannot be longer than Wave 3 in commodities
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