medium · Elliott Wave Theory
A bullish impulse starts at 10.00. P1=20.00, P2=15.00, P3=24.00, P4=20.00, P5=30.00.
Is this impulse structurally sound regarding the relative wave lengths?
- Yes, because the total move is 20 points.
- Yes, because Wave 3 is 90% of the length of Wave 1.
- No, because Wave 4 overlapped Wave 1.
- No, because Wave 3 is the shortest motive wave.
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