easy · Elliott Wave Theory motive
A stock completes Wave 4 at 3,500. Wave 1 was 250 points and Wave 3 was 920 points.
If Wave 5 reaches 3,750, why is the labeling of Wave 3 as 'not the shortest' still valid?
- Wave 3 (920) is longer than both Wave 1 (250) and Wave 5 (250).
- The price level of Wave 5 (3,750) is higher than Wave 3 (3,750 - 250 = 3,500 base).
- Wave 3 volume was the highest in the sequence.
- Wave 5 (250) is equal to Wave 1 (250).
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