hard · Elliott Wave Theory
In a bull market impulse, Wave 1 ends at 150 and originates at 100. Wave 4 terminates at 155.
Is this count valid, and why?
- No, because Wave 4 must terminate below the high of Wave 1.
- No, because the gap between Wave 1 and Wave 4 is too small.
- Yes, because the low of Wave 4 did not enter the price territory of Wave 1.
- Yes, because Wave 4 retraced less than 100% of Wave 3.
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