easy · Elliott Wave Theory motive

In a proposed impulse, wave 1 travels 12 points, wave 3 travels 10 points, and wave 5 travels 15 points.

Is this valid under the rule governing wave 3 length?

  1. Yes; any five numbered moves form an impulse
  2. No; wave 5 must always be shorter than wave 1 here
  3. No; wave 3 is the shortest of waves 1, 3, and 5
  4. Yes; wave 3 is allowed to be the shortest

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