medium · Elliott Wave Theory motive
A five-wave motive pattern is forming a converging wedge. Waves 1, 3, and 5 each subdivide into three-wave structures, and Wave 4 overlaps the price range of Wave 1.
What is the most likely resolution for this pattern?
- A powerful thrust that continues the prior trend without hesitation.
- Sideways consolidation resolving as a connecting X-wave.
- A shallow correction followed by a fresh third-wave extension higher.
- A sharp reversal retracing the entire pattern to its origin.
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