easy · Elliott Wave Theory
What behavior is typically expected of On-Balance Volume (OBV) during a valid Wave 2 correction?
- OBV should surge to new highs ahead of the price.
- OBV should decline, confirming the selling is corrective.
- OBV should stay perfectly flat regardless of price moves.
- OBV should diverge positively by making a higher high.
Sign up free to see the explanation and track your rank →
More Elliott Wave Theory practice
- In a five-wave advance, Wave 1 is 10 points long, Wave 3 is… — How should this count be co
- What is the most likely target for the subsequent Wave 4?
- According to the Guideline of Alternation, what should you expect for Wave 4?
- A market finishes a 5-3-5 move against the main trend but does not resume the trend. Inste
- A correction targets the price zone of the 'prior fourth wav… — What does this mean in pra
- Why is the rally from 105 to 190 most likely Wave 3?
- In a powerful uptrend, a correction occurs where wave B exceeds the start of wave A, but w
- An X wave in a combination is always categorized as a: