Wave 2's and 4's in my opinion are designed to drive the market crazy, any time frame! If we went on to make an expanded flat and hit the 1.618, would you assume moon? Never seeing 50k again? Possibly, but these retracing moves will give you any pattern, any combo, any count, anything, which is why it is wise to wait and trade trending moves or waves 1 3 & 5. I'm not saying we don't trade this wave, we get in on smaller time frame. As you can see from this idea how crazy the market go if it happened? Wave 4 (or 2) ladies and gentleman...