hard · Elliott Wave Theory
A bull impulse is labeled as follows: Wave 1 spans 10 points, Wave 3 spans 8 points, and Wave 5 spans 12 points.
Why is this count invalid?
- Wave 3 is the shortest of the three impulse waves.
- Wave 5 is longer than Wave 3, which is prohibited in standard impulses.
- Wave 1 is too large relative to the subsequent waves to be a valid start.
- The total swing count must be 9 to have a valid extension.
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