14.1 The Impulse Waves – QUIZ

1. Who was the founder of Elliott wave? *

Ralph Nelson Elliott

Tom Cruise

Isaac Newton

Benjamin Franklin

2. What’s true about Elliott wave? *

Elliott Waves are fractals and self-repeating

Markets move in specific trends

Marketsare not random

All the above

3. What is true about Elliott waves? *

The end of Wave 2 cannot go past the start of Wave 1

Wave 3 cannot be the shortest motive wave

Wave 4 cannot go into the price territory of Wave 2

All the above rules form the main tenets of Elliott Wave theory

4. Which wave moves in the direction of the larger trend? *

Impulse

Corrective

Waves of a larger degree

Waves of alesser degree

5. What are waves on the hourly timeframe compared to waves on the daily timeframe? *

Waves of the same degree

Waves of agreater degree

Waves of a lesser degree

Waves going against the larger trend

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