medium · Elliott Wave Theory

In a Truncated Fifth Wave scenario, Wave 3 ends at 165.00, Wave 4 ends at $145.00, and Wave 5 completes at $158.00.

Which price level must be used as the 'Orthodox High' for subsequent Fibonacci retracement calculations?

  1. $165.00
  2. $161.50
  3. $158.00
  4. $145.00

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