This is my first post in tradingview. I am new to trading of any kind.I have been trying to find my way using EWT             .

I think the stock is in ABC (Corrective) mode at present. I am unable to figure out if its still in A or it has entered B. I can see divergence in MACD (a. top of wave 3 and wave 5 b. top of wave 5 and current stock position)

I solicit a few things from this awesome forum:

1. Is my wave count (1-5) correct?
2. If yes, Should one enter into a position to ride wave C?
3. If yes, what would be the strategy for that?
4. Also, I see the stock travelling within a band as shown. Does it have any significance?

Comment: Wherever I have mentioned EWT,I mean Elliott Wave Theory.
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