We used the trend based fib tool to measure Wave 1's impulse move to the low of Wave 2.
Wave 3
We found the exact top of Wave 3, which was the 1.618. Note: Counts 3 and 4 inside of Wave 3 arent perfect there am a little skeptic about this being an Elliot Wave but will continue to refer to as waves for ease.
Wave 4
-48% correction.
Wave 5
Wave 5 should be smaller than Wave 3, therefore I am looking for the target to be the 1:1 tb.fib tool with wicks to 1.112, but ultimately it will dance around the 1:1 before sell off.
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