Elliott Wave theory turns in a spoon.
H4TF. Since 1 and 4 touched, Elliot Wave theory crash against 261.8% fibonacci zone, and 5 couldn't go any further. Because of this, chart expression was bearish, and falls around 300pips. Now, If chart goes up, it will reach 261.8%. But, the thing is that, a broked Elliott Wave theory can become a second weapon, that is, double combo ABCDE, or just call it "Spoon pattern". If Mr. Bear wants to eat with a spoon, it will stomp chart to 1830-26-22. Yes, it is a gentlebear. Once finished, it will go to sleep, and the bull will grab the chart with his horns and throw it high; high enough to reach 261.8% fibo.
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