easy · Elliott Wave Theory
In a W-X-Y double combination where W is a flat and Y is a triangle, what is the role of the 'X' wave?
- It is the thrust that breaks price out of the flat.
- It must be a zigzag retracing exactly 100% of 'W''s length.
- It is an impulse wave that launches an entirely new trend direction.
- It is a corrective connector linking two basic patterns.
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