hard · Elliott Wave Theory
An impulse's wave 1 took 13 trading days and wave 3 took 21 trading days. Wave 4 is unfolding and an analyst applies Fibonacci TIME projection. Wave 4 began at the wave-3 peak.
Which time-based expectation is the MOST defensible, recognizing the difference between time and price ratios?
- Wave 4's duration most plausibly approximates 13 days, projecting wave 1's time forward, since alternation often pairs a sharp wave 2 with a time-consuming wave 4 near a prior wave's duration
- Wave 4 should last exactly 34 days, the Fibonacci number that is the sum of 13 and 21
- Wave 4 should last 8 days, because wave 4 time equals 0.382 times wave 3 time
- Wave 4 should last 21 days, because each successive wave's duration equals the prior wave's duration in a self-similar impulse
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