hard · Elliott Wave Theory motive
In a bullish sequence where W₁ = 45 points and W₅ = 62 points, what is the minimum net price travel required for Wave 3 to satisfy Rule 2?
- A minimum of 62.01 points to ensure it is not the shortest wave in the trend.
- Exactly 53.5 points, which is the arithmetic mean of Wave 1 and Wave 5.
- Any value greater than or equal to 45 points.
- 72.81 points, representing a 1.618 extension of Wave 1.
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