medium · Elliott Wave Theory motive
Wave 1: 100 to 130 (30 pts). Wave 2: 130 to 112 (18 pts). Wave 3: 112 to 145 (33 pts). Wave 4: 145 to 128 (17 pts). Wave 5: 128 to 160 (32 pts).
Why is this count invalid?
- Wave 4 at 128 overlaps with Wave 1's peak of 130.
- Wave 3 (33) is the shortest wave.
- Wave 2 retraced more than 61.8% of Wave 1.
- Wave 5 is not 1.618 times the length of Wave 1.
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