easy · Elliott Wave Theory
Under the Three Cardinal Rules, can Wave 4 end at the exact same price as the peak of Wave 1 in a bull market?
- Yes, as long as it does not close below it.
- Yes, this is a common occurrence in crypto markets.
- No, it must not enter the territory, and touching is generally considered entering.
- No, because Wave 4 must always retrace less than 38.2% of Wave 3.
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