medium · Elliott Wave Theory motive
During the reversal following an ending diagonal, a market briefly rallies in a three-wave correction before resuming its sharp decline toward the origin.
How should a practitioner classify this minor rally?
- As a sign that the diagonal count was incorrect
- As a sub-wave correction within the larger reversal move
- As a 'throw-back' to the broken diagonal boundary
- As the start of a new diagonal triangle
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