Again, in the process of learning the details of wave theory, criticism welcome.
#1 overall it does not have the "Look and Feel" of an impulsive structure. And while that's not very
analytical the answer comes from drilling down to the smaller internal wave structure.
#2 That's when you can see the major rules of EW being broken: such as wave 4 cannot enter the area
of wave 1 - wave 3 cannot be the smallest wave - wave 2 cannot be a triangle.
#3 This price action since July is overlapping and corrective: not impulsive. That's what makes
the distinction the easiest to see.
#4 Impulsive price action is obvious from the July high in the 3rd wave. It drops like a rock !
I think what we're looking at is a huge double zig zag that topped in July and what you've labeled
as A is actually wave 1 - B is a very complex correction common in wave 2 - wave C will be a 3rd and very, very
large drop. The interesting point here, is that both interpretations will yield a sell side profit.
However, knowing that this is more likely a 3rd wave and not a C will yield greater profits.
3rd waves are the big money moves every EW trader lives to ride upon !!!!!!
You might want to head to: http://www.elliottwave.com/ and sign up for their myewi club account.
Read the 10 lessons on wave principle and sign up for the emails. They always seem to send
interesting stuff for continued learning.
You'll discover that impulsive waves are very easy to see and understand. Spend tons and tons of time
studying corrective price action as that can be difficult to impossible to understand and analyse clearly.