According to the negative regular divergence and Fibo levels it seems impossible that this correction is the ABC trend happening after wave 5 and I prefer to count this ABC correction a wave 4 so then we can expect to see wave 5.
None of Elliott rules supports this counting to place B (Red) as Wave 5 or A (Red) as wave 4.
Wave 4 = (Minimum) 38.2% Ret.W.3
Wave 4 = 100,161.8% Expansion W.2
BE SAFE
None of Elliott rules supports this counting to place B (Red) as Wave 5 or A (Red) as wave 4.
Wave 4 = (Minimum) 38.2% Ret.W.3
Wave 4 = 100,161.8% Expansion W.2
BE SAFE