medium · Elliott Wave Theory motive

A practitioner observes a five-wave motive pattern where Wave 1 and Wave 3 are of similar length (20 points each).

To satisfy the three cardinal rules, what must be true about Wave 5?

  1. Wave 5 must be exactly 20 points.
  2. Wave 5 cannot exist in this scenario.
  3. Wave 5 must be greater than 20 points.
  4. Wave 5 must be less than 20 points.

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