what is sais in the title., i think we still need our final mini wave5 down to 30x. bounce back to 320 ish and the big last selloffs to come middterm going to 250 - 230 zone.. and end this big year of correction ..
thinking wave 5 will be an extended one.. because wave 3 was a small one.. not sure if this is allowed in ew officially
Yes it must also have 5 wave at lower time frame. However, If the much larger pattern we are following or the one I have highlighted is ending diagonal which is 3-3-3-3-3. If correct the this last leg will be a zigzag not 5 waves. However, each leg of the zigzag could well have sort of abc with some section with 5 waves. We could also get double zizgags which would then extend to downside to reach your target but not necessarily in 5 waves sequence.