Hi I got 1 answer wrong on the quiz at the end of Elliott Wave Theory section, because I’m a little confused about terminology used at summary-of-elliott-wave-theory (sorry not allowed to post links)
It says:
The first 5-wave pattern is called impulse wave.
One of the three [B]impulse waves[/B] (1, 3, or 5) will always be extended. Wave 3 is usually the extended one.
If the first 5-wave pattern is called an impulse wave, aren’t 1, 3 and 5 motive waves?
No biggy, just a lil confused
Thanks!