hard · Elliott Wave Theory motive

Within a developing impulse, wave 4 traces a flat correction whose B-subwave terminates slightly ABOVE the start of wave A (a 'running' or expanded-flat tendency), and this B-peak briefly enters the price territory of wave 1.

Which assessment is most consistent with orthodox rules?

  1. The count is invalid only if the termination of the entire wave 4 (its C-subwave low) overlaps wave 1's territory; an intra-correction B-wave poke into wave 1's range does not by itself break the non-overlap rule.
  2. The count is invalid the instant any subwave of wave 4, including a brief B-wave poke above wave 1's zone, touches wave 1's territory, since the non-overlap rule applies tick-by-tick to every internal movement in the correction.
  3. The count is invalid because expanded flats whose B-subwave rises noticeably above the orthodox start of wave A are categorically forbidden as wave-4 corrections within an impulse; only zigzags are permitted there.
  4. The count is automatically valid because the non-overlap rule between waves 4 and 1 is entirely waived whenever wave 4 unfolds as any flat correction instead of a simple zigzag pattern in the sequence.

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