medium · Elliott Wave Theory
In the context of complex corrections, what is the primary diagnostic differentiator between a single expanded flat and a double three (W-X-Y) combination in terms of time proportionality?
- A double three must always achieve a deeper price retracement than an expanded flat.
- The expanded flat must consume at least 1.618 times the duration of the preceding impulse wave.
- The expanded flat is composed of two X-waves, making it a longer structure.
- The double three consumes significantly more time relative to the preceding impulse than the single flat.
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