I'm seeing the start of wave 3 of a corrective wave C starting based on my Elliot Wave count. Why I think that! 1. Corrective wave A and B clearly moved in a 3 waves 2. This means wave C has to be a 5 wave move. (3-3-5 Flat) 3. The start of wave C is confirmed by the impulsive 5 wave up 4. Wave 2 of C has retraced to 0.618 with the start of wave 3...
There’s been a lot of consolidation over the last few weeks but it is looking like we’re about to shoot up on a wave 3 based on this count. Feel free to add your thoughts on my idea.
Potential Wave 4 of C complete and wave 5 of C happening
Based on what I am seeing using Elliot Wave theory, I am seeing a corrective wave 4 starting. If it is indeed a wave 4, it is most likely going to be a zigzag (3-3-5) sharp move. Any thoughts and feedback is welcome.