End of correction Assuming a wave 3 with 5th wave extension

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The only possible internal relationship between wave (i) and wave (iii) , when when wave (v) extends is w(iii) = 1.618 w (i) , which is the case here . If internal relationship is there then
w(v) = 1.618 w(0) - w(iii) measured from the end of w(iv) , ie internal count and this is the case here .

Next question is where this impulse is the end of a larger w(3) or end of a larger w(5) .I am assuming this is the end of a larger w(3) since w(v) overshoots trendline drawn from the end of w(i) and wave (iii) , that means the extended w(v) is the steepest .

Depth of corrective waves - When an extended 5th corrects it gives 99% retracement and ends at previous w(iv) of one lesser degree . Normally w-x-y (double correction is common) and w-x-y-x-z (triple correction is rare) . Had a wave 5 of a higher degree was been corrected the correction would have taken lesser time that it took to form w(v) . In this case time taken is more , hence the assumption that it correcting a higher degree w(3) . It means the correction is over .

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