hard · Elliott Wave Theory
A price sequence consists of an A-B-C zigzag (W) from 100 to 80, followed by an a-b-c rally (X) to 88, and finally a horizontal triangle (Y) that oscillates between 88 and 82.
What is the internal sub-wave structure of the X-wave in this scenario, and is it consistent with the 'sideways' character of the double three?
- The structure is 1-wave (a sharp spike) which is the required internal count for X-waves in Primary-degree cycles.
- The structure is 5-waves and the shallow depth confirms it is a motive connector for a sideways combination.
- The structure is 3-waves but the 60% retracement depth suggests it should have been a double zigzag.
- The structure is 3-waves and the 40% retracement depth is consistent with a sideways double three.
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