hard · Elliott Wave Theory motive
In a 'Leading Diagonal' within a Wave 1 position, Wave 1 amplitude is 280 pips and Wave 3 is 230 pips.
If Wave 5 targets the converging wedge boundary, what is the maximum amplitude allowed for Wave 5 to satisfy standard diagonal rules?
- Exactly 142 pips (0.618 × 230)
- Less than 230 pips
- 230 pips
- 280 pips
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