medium · Elliott Wave Theory
An analyst views a 5-wave structure where W₁ = 200 and W₃ = 180.
What is the maximum length Wave 5 can achieve for the impulse to remain valid?
- Wave 5 can be any length because Wave 1 is already longer than Wave 3.
- Wave 5 must be exactly 123.6 points to satisfy the Rule of Equality.
- Wave 5 cannot exceed 179.99 points.
- Wave 5 must be less than 180 points.
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