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Question of the Week: 8/12/2020

Can an X-wave ever be between 61.8% and 100% in PRICE of the preceding standard pattern?

Answer:

There are 3 standard Wave patterns in orthodox Elliott Wave (Flats, Zigzags and Triangles, which include 3 variations each). The ONLY time an X-wave can be similar in price to the prior standard pattern is when that prior pattern is an expanding Triangle.

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