hard · Elliott Wave Theory motive
An analyst observes a bullish sequence where Wave 1 advances 100 points, Wave 2 retraces 60 points, Wave 3 advances 85 points, and Wave 4 retraces 20 points.
Based on the cardinal rules of impulse waves, what is the maximum allowable length for Wave 5 to maintain a valid impulse count?
- Any length as long as it exceeds the Wave 3 peak
- 99 points
- 84 points
- 100 points
Sign up free to see the explanation and track your rank →
More Elliott Wave Theory motive practice
- In a five-wave advance, Wave 1 is 10 points long, Wave 3 is… — How should this count be co
- If Rule 3 must be satisfied, what is the highest price Wave 4 can reach?
- An analyst identifies a 5-wave pattern where Wave 4 overlaps… — Where is this pattern most
- When analyzing an Ending Diagonal, what is the 'Slope Comparison' requirement for confirmi
- If Wave 3 reaches $160.00, which of the following price levels would invalidate the impuls
- You observe a five-wave motive move in a wedge shape where W… — Where in the larger trend
- What is the 'Orthodox Extreme' in a five-wave impulse that ends with a truncated fifth wav
- If the next correction drops the price to $118 before a final rally to $180, why is this c