easy · Elliott Wave Theory motive
An analyst observes the following price levels: Wave 1 starts at $50 and ends at 70. Wave 2 ends at 60. Wave 3 ends at $110.
If Wave 4 then drops to a low of $68, why is this count considered invalid for a standard impulse?
- Wave 2 retraced more than 100% of Wave 1.
- The price target for Wave 3 was too high.
- Wave 4 entered the price territory of Wave 1.
- Wave 3 is the shortest wave.
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