//Elliot waves state that 1st and 3rd waves are same length. I dont think u need to take it at face value, but the concept of it. I think markets have drivers. Prices are important. It makes sense why it would rally to 120-150 or w/e the price is, before it becomes too expensive. Then the "dumb money" is left holding the bag at top, before correction. Peak could be triggered by external risks like new wars. Rate cut cycle lasts next 2-3 years?
not impossible for price to fly sooner. and then correcting itself. Markets are unpredictable. That being said, not everything is unpredictable.