medium · Elliott Wave Theory
Scenario: Wave 3 ends at $500. Inside Wave 3, the fourth sub-wave (wave iv) occurred between $440 and $460.
Where is the most likely target for the major Wave 4 correction?
- Below $440
- Exactly $250 (the 50% level)
- $500 (no retracement)
- The $440-$460 range
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
- A commodity price moves from $80 to $96, pullbacks to $88, t… — If an analyst identifies t
- Which is more likely?
- According to the Swing Count Validation technique, what should the trader conclude?
- Based on common Fibonacci relationships, how far might Wave C drop from the end of Wave B?
- An analyst sees a 'Close-Below-Prior-Swing Test' fire when p… — What does this likely sign
- According to the 'Fourth-Wave Target Zone' guideline, where is a correction most likely to
- According to the Guideline of Alternation, what should you expect for Wave 4?