medium · Elliott Wave Theory motive
In a bull market ending diagonal, the origin is 4,000 and Wave 3 peaks at 4,400.
If Wave 4 ends at 4,300, what is the maximum price level Wave 5 can reach while maintaining the structural validity required for the 'retrace-to-origin' rule?
- 4,499
- 4,350
- 5,000
- 4,750
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