Wave 4 is 14.6%, 23.6%, or 38.2% of wave 3 but no more than 50%
If wave C = 161.8% of wave A, wave C can be a wave 3 of a 5 waves impulse. Thus, one way to label between ABC and impulse is whether the third swing has extension or not
FarTrader2019
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@XenoxCapital, I draw the "invalid level to count" please pay attention to that.
If wave C = 161.8% of wave A, wave C can be a wave 3 of a 5 waves impulse. Thus, one way to label between ABC and impulse is whether the third swing has extension or not