TLDR
-truncated 5th in A wave makes sense, takes care of the problem that the entire push down to $6k cannot be an A wave (due to significant 1/4 overlap)
-we are NOT correcting the entire move from the 2015 bottom, but the elliott wave cycle started in 2017
(see michaelvandepoppe full EW count in 2017 as completed 1 and 3 waves)
-truncated 5th in A wave makes sense, takes care of the problem that the entire push down to $6k cannot be an A wave (due to significant 1/4 overlap)
-we are NOT correcting the entire move from the 2015 bottom, but the elliott wave cycle started in 2017
(see michaelvandepoppe full EW count in 2017 as completed 1 and 3 waves)
Comment:
(100 weekly MA = $4400)
WXY correction or ABCxABC
still bullish
must set HH and HL on incoming bull run (which probably wont start until we tap the 100 weekly MA)