medium · Elliott Wave Theory
An analyst is comparing two corrective counts. Count A shows a Wave 4 that has lasted 22 days, while the Wave 2 lasted only 3 days.
Why might the analyst question this count?
- Wave 4 must always be shorter than Wave 2 in duration.
- The swing count of the impulse would be uneven.
- The duration ratio exceeds the 2.618 proportionality guideline.
- Duration has no impact on wave validity as long as prices don't overlap.
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