The best way to label the price action is If you think of each leg as an abc correction. The only pattern that I know of which allow this kind of price action is an expanding diagonal. Also, wave ((4)) overlapping ((1)) is another confirming hint of a large expanding diagonal underway.
Note: Wave ((5)) must be larger than wave ((3)). If wave ((5)) vs ((3)) will have similar proportion to wave ((3)) vs ((1)) the target should be 4800 (423.6% of wave ((3)))
I was unable to count wave ((1)) because of limited intraday data.
note: you could have projected where wave 5 would end by connecting waves 2 and 4 and drawing a parallel line at wave 3. this is the standard ew method. of course, you needed to have the correct ew count at the time. I doubt many analysts knew ahead of time that it was a corrective abc zigzag up