hard · Elliott Wave Theory
Why is the first leg diagnostic considered the 'most important skill' in corrective analysis?
- Because a 5-wave first leg immediately eliminates flats and triangles as standalone possibilities.
- Because it confirms that a new bull trend has begun after a bear market.
- Because it determines whether Wave 3 will extend or truncate.
- Because it allows for the calculation of the Golden Ratio multiplier for the X-wave.
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More Elliott Wave Theory practice
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