easy · Elliott Wave Theory Core Axioms & Motive Wave Rules
A motive wave is labeled as follows: |W1| = 100 points, |W3| = 80 points, and |W5| = 70 points.
Is this a valid standard impulse wave count?
- No, because Wave 3 must always be the longest motive wave.
- Yes, because Wave 3 is not the shortest of the three motive waves.
- Yes, provided that Wave 4 does not overlap Wave 1.
- No, because motives waves must progressively increase in length.
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