easy · Elliott Wave Theory
An analyst measures the following lengths in an impulse: Wave 1 = 50 points, Wave 3 = 40 points, and Wave 5 = 30 points.
Is this count valid according to the cardinal rules?
- No, because Wave 5 must be the longest
- Yes, because Wave 1 is the longest
- No, because Wave 3 is the shortest impulse wave
- Yes, because Wave 3 is longer than Wave 5
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