hard · Elliott Wave Theory motive
An analyst observes a rally where Wave 3 ends at 150. Wave 4 corrects to 135. Wave 5 then reaches 148 and displays a 5-wave internal sub-structure, while the RSI shows a lower peak than it did at price 150.
How should this be labeled?
- A Truncated Fifth Wave.
- A Leading Diagonal Type 2.
- An Expanded Flat in the Wave 4 position.
- An invalid impulse count due to Rule 3 violation.
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