medium · Elliott Wave Theory motive
A bullish impulse has W₁=12.5 and W₃=13.0. To avoid a Rule 2 violation, what is the maximum length Wave 5 can be?
- 12.9 units, to ensure Wave 3 remains longer than Wave 5.
- 13.0 units, because Wave 3 and Wave 5 can be tied for longest but not for shortest.
- 20.2 units, which is a 1.618 extension of Wave 1.
- There is no theoretical maximum for Wave 5.
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