At the moment the probability of this variant of counting is about 50%. If "critical point" is overlapped I will treat this variant as the main one. P.S. Please do not be confused. This is not pure Elliott Wave Analysis. This analysis is based on a fork of Elliot theory which was elaborated by me about 10 years ago.
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There is a small mistake in the markup. It has to be label (5)-((C))-(((B))) instead of 5-(C)-((C))-(((B))) and internal waves1-2-3-4 in this wave ((C)) must be marked as (1)-(2)-(3)-(4). It is just a technical issue which doesn't affect the idea itself. I'm sorry for any inconvenience which may cause.
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Until now everything goes as expected. The market has finalized wave C-(1) and now is working on the wave (2).
@szozulya, OK, got it in one minute. You have some back tested examples?
szozulya
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@STEVE.elliott, I never believed that it is possible to make a mechanical trading system using Elliott Wave Theory or its forks of any kind, therefore, I never made backtesting in a way traders usually do. In my opinion, all methods of technical analysis which are based on pattern recognition are more close to art than to math.