Expecting a wave 5 of larger trend here.
Updated
Wave 1 was roughly 10x, subwave count provided in orange numbers
Wave 2 wave was long complex correction
Wave 3 was roughly 7x, smaller than wave 1
Wave 4 looks like 335 expanded flat.
Wave 5 in progress ?
As you can see wave 4 fits perfectly with alteration rule because wave 2 corrective wave was a long complex correction. But wave 4 was flat correction. Wave 4 usually finish in the subwave 4 area region of major wave 3. We have same and confluence of fib .23 spot on.
For wave 5 target projection I have applied Trend Based Fibb extension from start of Major wave 1 to the top of wave 3 and down to the end of wave 4. Target below the .38.
Expecting wave 5 to be the shortest because wave 3 was shorter than wave 1 and wave 3 cant be the shortest as per Elliot rule.
Note
Target 1 - 24CTarget 2 - 44C
Note
Above Idea is invalid. We completed a Primary motive wave from 2015 to 2018 and we are now in a 5-3-5 Flat correction. Its probably going to .004c
Lesson - Always look at the big picture first
Note
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