If you are a proponent of the Elliott wave theory,you are most apt to do which one of the following?

Question

Quizplus · Accepted Answer

According to the Elliott wave theory, wave 2 is a corrective wave that retraces some of the gains from wave 1. Therefore, buying on wave 2 is considered a strategy to take advantage of the upward movement that follows. Selling on wave 3 is also a common strategy, as it is typically the largest and strongest wave in the pattern, which can lead to a significant correction in the opposite direction. However, the question specifically asks for the "most apt" strategy, and buying on wave 2 is generally considered a safer choice for Elliott wave traders.

If You Are a Proponent of the Elliott Wave Theory,you