easy · Elliott Wave Theory
An analyst is looking at a 5-wave pattern where Wave 3 is 100 points long, Wave 1 is 120 points, and Wave 5 is 110 points.
Is this a valid impulse according to the cardinal rules?
- Yes, as long as it does not overlap.
- No, because Wave 3 is the shortest.
- Yes, because Wave 3 is still over 100 points.
- No, because Wave 1 must be the shortest.
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