easy · Elliott Wave Theory motive
Under the Three Cardinal Rules, can Wave 4 end at the exact same price as the peak of Wave 1 in a bull market?
- Yes, provided the bar's closing price stays below the Wave 1 peak level.
- Yes, this kind of price overlap is a fairly common occurrence in crypto markets.
- No, it must not enter the territory, and touching is generally considered entering.
- No, because Wave 4 must always retrace less than 38.2% of the length traveled by Wave 3.
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