easy · Elliott Wave Theory

Which construction technique is used for identifying 'Intermediate' targets in the middle of a Wave 3 move using a base channel?

  1. Counting the number of bars since the Grand Supercycle low
  2. Projecting a line from the end of Wave 4 through the Wave 2 origin
  3. Subdividing the channel width using Fibonacci ratios like 0.382 and 0.618
  4. Measuring the duration of Wave 1 and multiplying by π

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