Elliott Waves Quiz 3

What characteristic often distinguishes an ending diagonal from an impulsive wave?

• a) It has a 3-3-3-3-3 internal structure.

• b) It has a 5-3-5-3-5 internal structure.

• c) It only occurs in corrective waves.

• d) It is longer than all preceding waves.

In which wave position does a triangle typically form within the Elliott Wave structure?

• a) Wave 1

• b) Wave 2

• c) Wave 4

• d) Wave 5

What characterizes a “truncated” fifth wave in Elliott Wave Theory?

• a) It fails to reach the end of Wave 3.

• b) It extends beyond the end of Wave 3 by a large margin.

• c) It is always the shortest wave in the sequence.

• d) It has a different internal structure compared to other impulse waves.

When analyzing wave 2 of an impulsive sequence, what is a typical maximum retracement level?

• a) 23.6%

• b) 38.2%

• c) 50%

• d) 61.8%

How can one distinguish a flat correction from a zigzag correction in Elliott Wave Theory?

• a) A flat correction has a 3-3-5 structure, while a zigzag has a 5-3-5 structure.

• b) A flat correction always occurs in Wave 3, while a zigzag occurs in Wave 2.

• c) A flat correction is always longer than a zigzag.

• d) A flat correction has a 5-3-5 structure, while a zigzag has a 3-3-5 structure.

In Elliott Wave Theory, which guideline helps identify the target for Wave 5?

• a) Wave 5 is equal to Wave 1.

• b) Wave 5 is 61.8% of the length of Wave 3.

• c) Wave 5 is 161.8% of Wave 1 measured from the end of Wave 4.

• d) Wave 5 is 100% of the length of Wave 4.

What is the significance of the “wave equality” guideline in Elliott Wave Theory?

• a) Generally Waves 1 and 5 are equal in length if wave 3 is extended

• b) Waves 2 and 4 are equal in time duration.

• c) Wave A is equal in length to Wave C in corrective patterns.

• d) Waves 1, 3, and 5 are equal in structure.

Which of the following statements about wave 3 is generally true in an impulsive wave structure?

• a) Wave 3 is usually the shortest wave.

• b) Wave 3 never has the shortest internal subdivisions.

• c) Wave 3 often shows the most significant price movement and strongest volume.

• d) Wave 3 is always followed by a triangle pattern.

When applying Fibonacci ratios to Elliott Waves, which ratio is commonly used to identify the end of Wave B in a zigzag correction?

• a) 38.2%

• b) 50%

• c) 61.8%

• d) 78.6%

What characteristic often distinguishes an ending diagonal from an impulsive wave?

• a) It has a 3-3-3-3-3 internal structure.

• b) It has a 5-3-5-3-5 internal structure.

• c) It only occurs in corrective waves.

• d) It is longer than all preceding waves.