What does that mean? We're in a small correction before the 5th wave begins. Expect consolidation in the near term, then another breakout and new ATH as the 5th wave continues to form.
I've seen others label the 3rd wave as one peak before and the 4th as one valley behind my labelling above. Either way, the 5th is not complete. With this alternative labelling, there is one more final push that may just be a small one before a major correction.
But with how I initially labelled it, the 5th is just beginning it's 1st wave and 2 more impulse waves can be expected, implying more upside that could take us over well over 25k, 30k is a stretch, however.